Tag: financial wellness

Pandemic-related uncertainty and stress saw human resource (HR) departments emerge as valuable partners in ensuring business continuity and success. The role of HR practitioners has evolved, and they are now more important than ever as crucial support structures for employees and facilitators of their overall wellbeing.

Over the years in the fight against AIDS, tuberculosis, and malaria, we have learnt about the effectiveness of purpose-led partnerships. The ongoing COVID-19 pandemic provided us with a sense of urgency in supporting individuals and households to take full advantage of the digital economy.

We have partnered with the National Housing Finance Corporation (NHFC) to make the dream of home ownership a reality for first-time homebuyers who may not have been able to attain a home loan in the past. This has been made possible through the government introduced Finance Linked Individual Subsidy Programme (FLISP) that looks to close the ‘gap’ in the homebuying market.

The Protection of Personal Information Act (POPIA) will protect South Africans’ constitutional right to privacy. This includes a requirement for lawful justification to exist before a data subject’s personal information (PI) may be processed.

Our recent research  shows how navigating the pandemic unified leadership teams, while employees have generally found their leaders to be caring and empathetic as they lead their organisations through the challenges of COVID-19.

Olympic athletes devote years of training and effort to ultimately reach the podium. They don’t do this on their own, however, but rely on experts to help them get there. Who is your coach and how well are they assisting you on your financial track?

As a result of the pandemic, women are more financially exposed than ever. According to our latest Household Financial Wellness Insights, released together with UNISA, women who make up 51.1% of the South African population, were hardest hit by the lockdown.

Given the dire economic circumstances, coupled with ongoing challenges facing businesses, it has never been more important for employees to be prepared both from a financial and personal perspective to deal with unprecedented changes, while still maintaining focus at work.

It’s still early enough in the year to review your spending habits, getting your finances into shape and implementing a financial plan that will ensure you get back on track. According to the 2019 Consumer Credit Market Report carried out by the National Credit Regulator, 59% of employees are stressed about their finances with less than 15% of South Africans able to afford retirement.