Employee financial workplace chronicles.

Employees face a toxic world of self-development. They have a sense of dissatisfaction waiting to change themselves hence breaking them down to vulnerability. They then find themselves trapped in addiction and toxic positivity with their finances. Their brains are stuck with an illusion of progress that is different from reality. Some read about businesses and success without really starting one leading to action faking. This feeling of inadequacy creates a ripe market for the self-help industry selling hope, and this bites deeper into their pockets making them worse off financially.

Employees begin to lose their passion, they start shifting their careers, working hard for the sake of working hard. Procrastinating on goals pegged on empty wallets but millions of motivations. We need to pause and reflect on what has changed, there is more consumption than what is put into action. The solution for this is developing a path to financial security for employees. The ability to manage the ongoing economic needs for the future is necessary.

Wealth accumulation- not knowing details of financial management strategies harm employees. We need to teach them savings; allocating their current resources to future consumptions. Compound interest and cash flow; money works for us when we save and invest and against us when we borrow without a plan. Emergency fund; having some money for a rainy day such as unexpected sickness or delay in salary payment. Creating a financial objective statement; helps understand the path to the goal of an employee by understanding what do they need, when they need it and how much will it cost. Risk management; introducing employees to insurances such as health insurance, property insurance as a way of delegating the duty to someone else to manage their risk as they work to achieve organizational goals.

Managing employee flows-employees need training on how to budget to have adequate money available to meet their obligations. This can be achieved by engaging financial services such as banking and insurance. The purpose is to ensure we have enough funds.

Tax planning; most employees are unaware of tax compliance. Tax planning helps to prepare for occasional expenses. Employees failing to file returns have ended up with fines that can be avoided if they were made aware of various taxes.

Seasonal expenses such as birthdays, holidays need to be planned. Teach employees to set goals, gather information about what they want to do, track their expenses, write a plan and budget for their expenses. Awareness of bad debts and good debts is necessary for the current workplace to help employees not acquire liabilities but rather focus on acquiring assets that will, in turn, help them be more financially fit hence giving them a free mindset to focus on delivering for their establishments