Claro Money, a financial well-being provider, has debuted a new financial coaching package for one-on-one sessions and webinars to boost team confidence in finance. The coaching sessions are tailored to employee needs and are followed by a questionnaire to help businesses determine whether the program is effective for its staff. Staff can engage with on-demand learning and development courses, learn how to improve their investing habits, and even plan for retirement.
"Our mission is to address the growing advice gap and help everyone develop a smart money mindset. We would love to speak to progressive employers to find out what we can do for them and their employees to improve their financial and overall wellbeing," said Stacey Lowman, head of employee engagement at Claro Money.
Employee-Focused Finance Programs
Claro Money Launches a Financial Wellbeing Package for Employees
Trend Themes
1. Employee Financial Wellness - Businesses can explore personalized financial coaching and on-demand learning programs to improve their employees' financial wellness as a retention and engagement strategy.
2. Digital Financial Advisory Services - The rise of digital financial advisory services can help businesses improve their employees' financial health at scale by offering customized, digital-first, and on-demand financial planning.
3. Financial Capability Training - Companies can help their employees improve their financial capability by offering online and offline courses that are tailored to their unique needs and provide access to financial planners.
Industry Implications
1. HR Services - HR service providers can partner with financial wellbeing platforms to offer personalized coaching and digital financial education opportunities to their clients in order to retain and attract top talent.
2. Corporate Banking - Corporate banks can offer financial advisory services to their corporate clients' employees to improve their financial wellness and increase customer loyalty.
3. Fintech - Fintech startups can partner with corporations to provide personalized, scalable, and affordable financial wellness programs that use AI, gamification, and other innovative technologies to improve employees' financial health.