GALF rolls out financial wellness modules for Companies
New Delhi [India], September 9th (ANI / The PRtree): Corporate Wellness GALF recently conceived numerous initiatives to make “Work From Home” less hectic. They support corporate customers with holistic wellness solutions including the critical element “financial wellness”.
It cannot be denied that “working from home” has reduced certain types of corporate employee expenses, such as restaurant and travel expenses, clothing and lifestyle expenses, etc. There is an element of cash that is saved or stored will. The economists refer to these saved cash reserves, the currently reduced demand and the willingness to spend as potential pent-up demand for the future.
GALF CEO and Founder Amit Vasistha, who has a background in investment banking, talks about the possibilities of the pandemic leading the population to poor financial wellbeing. He says: “There is a euphoric expectation that the withdrawal of the Covid will lead to an economic explosion due to people’s willingness to buy. In addition to the financial relevance of this expectation, emotional and mental aspects are also mentioned.” Vighnesh Shahane, MDCEO, Ageas Federal Life Insurance and Advisory Board Member of GALF says, “Our reason for being, our goal at AFL is to empower people to create and live the lifestyle of their choice. So that one person can achieve this, We believe that he or she must concentrate on his or her full fitness – physically, mentally and financially.We have also introduced various measures from the perspective of financial wellness for our employees so that they feel comfortable and supported in these challenging times, including: more timely Appraisal process, regular salary payments, insurance benefits, etc. ” Amit Grover, India Head – Finance Shared Services, Avaya says, “The economic fallout from the ongoing pandemic is having it educate employees must have at least 1 year of emergency fund spending to deal with prevailing uncertainties. Financially stable employees are much more committed as such in precarious financial positions. The companies that invest in the financial wellbeing of their employees are more attractive places to work. ” Events around us and make appropriate decisions. Ideas of living in the moment and doing what you like are all great … but unfortunately this is not the time to get high, it is to stay grounded. “
Sumbul Siddiqui, Co-Founder and CEO of Knosh, says that as a company, we need to help our employees make informed decisions that are consistent with their financial situation.
Financial distress is a major source of stress in businesses and needs to be managed proactively. Conducting regular workshops with expert consultations, sharing holistic information, training / guidance, and access to financial wellness tools are some of the most important elements to focus on. This is exactly what the powerful team relies on. GALF as employee financial well-being will lead to higher employee engagement and productivity in the coming months.
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