This economic stress to which we have just referred also has a direct influence on companies, since employees with financial concerns perform less and are less productive . In addition, they are often absent more from their job.
Fortunately, companies are becoming aware of this and are increasingly investing in improving the financial education of their employees through courses and activities. This brings them benefits at different levels. The main one is that workers increase their productivity and the company improves its image , but there is also a reduction in costs in the Human Resources area, by reducing the levels of absenteeism and requests from employees for salary advances.
The effect on entrepreneurship
Surely you have already realized that the labor market has a not very positive characteristic, and that is that it is difficult for it to absorb certain groups . It is very difficult for young people, women, the long-term unemployed and those over 45 years of age to return to the job market if they lose their jobs, which results in the unemployment figures being quite high.
A good way to fight unemployment is for some of those people who do not find a fit in the labor market to start their own business and become employers of others.
But undertaking is not an easy task. Those who take on this challenge not only have to be aware of issues as diverse as the taxes they have to pay, the marketing they should carry out, do market analysis, etc. One of the great challenges that the entrepreneur assumes is being able to manage his financial resources well , and for this he must first have a good financial education.
How can you improve your financial education?
Although finances seem very complicated to understand, the truth is that they are not so difficult. By managing some basic concepts you can make a much better management of your financial resources .
The good thing is that we have at our disposal different means with which to increase our knowledge little by little.
In addition, there are many blogs and online media where you can approach financial issues from a more friendly and simple point of view (our blog is a good example of this).
As you acquire knowledge you can move on to even more specialized media such as economic journals, or read books on economics and finance written by eminent people in this field.
On the other hand, as a society we have the great challenge of assuming the need to instill knowledge about finances in the youngest . There are more and more voices that speak of the possibility of including financial education within the mandatory educational program in Secondary.
Financial education must become much more transversal than it is today . It is important that flexible and effective learning paths are offered for the dissemination of knowledge, facilitating access to information and effective service delivery.
Financial education workshops and the dissemination of content with a close and clear language through massive channels are necessary, but financial education also needs to be present in products and services and in the daily relationship with customers.
The figure of the financial educator
In order for finances to be accessible to all, a good education in this matter is essential. But since not everyone starts with the same knowledge or has the same needs, the figure of the financial educator is postulated as the best solution. If you don’t know how this professional can help you, watch this video in which the president of the Association of Educators and Financial Planners explains what his mission is:
An expert in financial education will help you go one step further to complete your training and advise you on the best options for your financial future . In this way, even if you are not an expert, you will be very clear about what to do and what not to do to achieve the financial goals that you have set.
A good financial education is as essential today as knowing how to read or write. An ability that will accompany us throughout our lives and will help us to ensure that our present and our future are free of economic concerns.