“Money and mental health are often linked. Poor mental health can make managing money harder and worrying about money can make mental health worse. People need advice and support for both.” Paul Farmer – CEO, The Mind Charity
Mental Health Awareness Week highlighted the strong commitment UK employers clearly hold with regards to the Mental Health and the Well-being of their staff. Red Star Education works with employers to support staff specifically in terms of Financial Well-being, which research shows can make the biggest contribution to positive mental health.
- 70% of the UK’s workforce spend a fifth of their time at work worrying about their finances. This costs the economy around £120 billion per year
- 55% of employees said that experiencing financial pressure affects their ability to perform effectively in the workplace, whilst more than 50% would value support from their employer
- A series of recent studies places financial stress as the number 1 stress for UK workers ahead of concerns for health and work-life balance. 69% employees said they feel worried or stressed about their financial situation – this is their number 1 worry
- Almost three in four Brits (74%) have been so stressed at least once over the last year that they’ve felt overwhelmed or unable to cope. 32% say financial worries affect their ability to sleep on a regular basis
- Debt and mental health have closely related links in both directions. People who have debt problems are twice as likely to develop a common mental health disorder
FINANCIAL WELL-BEING in the workplace
Red Star Education has been delivering Financial Well-being in the Workplace courses to employers of all sizes for 5 years and we would like to introduce the potential for these courses right now, via online mediums for your staff teams – whatever their current circumstances.
Support your staff with Financial Well-being at a time they need it most
FINANCIAL WELL-BEING on Furlough
Chances are you don’t want your staff to be on Furlough, nor them, so why not use this time to provide them with some excellent Financial Well-being support at a time they need it most.
Our 1-hour Financial Well-being on Furlough courses cover:
- Explaining what Furlough means personally & professionally
- Rules – the can’s and cant’s on Furlough
- How tax may be affected by Furlough, and what other income or employment is permissible during this time
- Budgeting principals and tools for now and the future
- Practical tips and tools for looking at things you can do to support your financial well-being over the next 12 months
- Practical tips and tools to access support from mortgage providers, landlords, banks, credit cards, loans, car finance, household bills, council tax etc
- How to prepare yourself positively for financial shocks now and in the future
- Early retirement options you may be able to consider
FINANCIAL WELL-BEING for Employees being made Redundant
If you are in the unenviable position where you are having to make redundancies, you can provide your staff with the support they desperately need and do everything you can to support them financially through what will be one of the most difficult times of their lives.
Our 1-hour Financial Well-being through Redundancy courses cover:
- Tax and redundancy
- Your pension and redundancy
- How to prepare yourself positively for redundancy
- Budgeting principals and tools for now and the future
- Practical tips and tools for looking at things you can do to support your financial well-being over the next 12 months
- Practical tips and tools to access support from mortgage providers, landlords, banks, credit cards, loans, car finance, household bills, council tax etc
FINANCIAL WELL-BEING in the Workplace
For those employees who are working ‘as normal’ this is undoubtedly one of the most financially and personally stressful periods of their career, so why not give them access to our traditional Financial Well-being in the Workplace course. Our course covers:
- Budgeting principals and tools for now and the future
- Understanding your workplace pension
- Practical tips and tools for looking at things you can do to support your financial well-being over the next 12 months
- Practical tips and tools to access support from mortgage providers, landlords, banks, credit cards, loans, car finance, household bills, council tax etc
- Staying in control of your life – how to prepare yourself positively for financial shocks now and in the future
Bespoke Financial Well-being Sessions
Usually we work with companies to tailor our Financial Well-being courses to the demographic of their particular staff base and we are still able to do that if you would like us to (e.g. younger work forces usually request learning about getting on the housing market / different rent lease options / starting a pension whilst more experienced work forces often request support on getting ready for retirement).
Informal, Interactive, Fun
Not words often associated with Financial Well-being Training but, our work with over 40 professional football clubs around the UK has made us experts in engaging our audiences positively to ensure the very best learning is achieved by them all.
All of our courses include a range of:
Direct information | Group interaction | Competitive Quizzes | Learning resources to take away
Our promise to you
Red Star Education does not ‘sell’ anything to participants. We are not an accountants firm or legal firm where our advice is linked to products or services we are pushing clients to take up with us – this is why we have been so successful over the last 5 years
We offer top quality, independent information – with no up sells, cross sells, or complicated wording and jargon. We care about the same as you – the well-being of your staff.
We are experts in the subjects of Financial Well-being, and teaching diverse groups about it. Across our wider work we deliver courses extensively to groups under the age of 18 right through to people well past their retirement age.
We have worked with over 40 professional football academies to train their youth squads about Financial Well-being and we apply the same principles to them as we do to our corporate clients:
- Teaching about Financial Well-being ‘in the real world’, with easy to understand language
- An independent, safe, supportive, engaging and trustworthy environment for discussions
- Providing simple to use but really important tools to think about your finances and manage them effectively
- Opportunities for following up technical questions through our specialist team or by signposting you to external organizations, as appropriate
Our course leaders all have Financial Qualifications and Teaching Qualifications. We pride ourselves on delivering quality and it is based on years of qualifying and experience.
For more information and a price guide get in touch with us via email: office@redstareducation.co.uk
Or call us on: 01253 486346