10th November 2014
Financial wellbeing paramount at Causeway Technologies
Causeway Technologies recognise that the physical and mental wellbeing of their staff has a significant impact on the effectiveness of their business and the overall achievement of their strategic objectives.
Following extensive research into the wellbeing issues experienced by Causeway staff, it was identified that financial wellbeing was equally as important to their people as physical and mental wellness. The decision was therefore made to deliver a program of financial education to all UK staff.
Fiona Buchanan EVP Human Resources for Causeway comments, “After a detailed selection process, we selected leading provider – WEALTH at work as our partner to help us design and deliver a program of financial education seminars for all our UK staff. We considered a number of providers, but what stood out about WEALTH at work was their focus on providing tailored financial education to Causeway employees without their being an agenda to sell other products.”
A program of seminars across Causeway’s 3 UK sites was delivered. The seminars were designed to target employees who were either, just starting out on their career and facing challenges such as buying their first home, in the midst of their career and trying to balance work with their personal life or starting to give consideration to what retirement may look like for them.
The common objective was to assist staff in achieving personal financial wellbeing and to demonstrate how this may be supported through a greater understanding of the benefits available to them through ‘Causeway Lifestyle’. Fiona adds, “Following the delivery of the first phase of seminars we had positive feedback from those staff that attended. Therefore, we are continuing to partner with WEALTH at work to deliver further seminars to those employees who have not yet had the opportunity to attend.
A number of staff have now also taken steps to make greater use of the benefits available to them and this has included an increase in the uptake of benefits such as Private Medical insurance, Childcare Vouchers and the Bikes to work scheme as well as some cases of increased contribution levels to the Causeway Pension Plan.
Following the success of the first education program, we are planning some further seminars linked with the Causeway Pension Plan renewal. These seminars will aim to help employees to review their retirement savings and take the opportunity to complete a review of their overall financial wellbeing.
We have found the way that WEALTH at work have partnered with Causeway Technologies to be very professional. Their approach of having a dedicated Account Manager and a team of specialists has worked very well.
In particular the effort WEALTH at work have put in to understanding our needs and culture and how they have translated this into a tailored financial education program for our employees has had a significant impact on the success of the program.”
She continues, “And as such, I am delighted to confirm that Causeway won two of the most prestigious awards at the Benefits Excellence Awards 2014 including – Best Wellbeing Strategy and Best use of Benefits to Drive Business Strategy and would like to thank all of our partners and suppliers including WEALTH at work who have helped us to achieve this!”
Finally, Fiona comments, “We believe that the financial wellbeing of our staff is important and therefore we look forward to partnering with WEALTH at work in the future to continue to deliver a tailored financial education.