8th June 2020
The University of Lincoln offers financial education to its employees which is provided by WEALTH at work, who have been working with the University to improve its online education programmes during the current new working environment.
These improvements include the introduction of online seminars for career-stage education programmes, along with other specific topics – all supported by a one-to-one helpline. Not only this, but they are to launch a new website next week which has expanded its topic range from retirement information to broader financial wellbeing topics to support employees during their working careers. These topics include managing debt, types of savings and ways of borrowing, to appeal to a wide-ranging audience.
Ian Hodson, Head of Reward and Deputy Director of Human Resources at the University of Lincoln comments: “We have invested time and energy into creating support mechanisms because we expect the legacy of coronavirus to be a more agile workforce and organisation where we need to ensure that we are addressing the ways of working that may now be the new normal, and also the employee engagement and wellbeing challenges that go with it, which have become a priority.”
Jonathan Watts-Lay, Director, WEALTH at work comments: “It’s great that the University of Lincoln are taking such positive steps and leading the way when it comes to supporting their employees during changing times.
We have always encouraged financial education and guidance for employees to support their financial wellbeing but it is even more vital now.
Working from home means that delivering financial education face-to-face has become impossible. Even as the rules relax, social distancing is likely to make things difficult for a period of time.
Therefore, it is important for employers to adapt to this changing environment, introducing other formats such as online seminars which are proving to be an effective alternative in this climate. Virtual one-on-one guidance sessions which could be a video call or on the telephone are also particularly useful as they offer the support employees and members need to help them clarify elements of their financial situation and to gain a deeper level of knowledge around their options.
Offering a range of delivery methods can also ensure the majority of employees are always supported, whatever their needs.”
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