As HR managers prepare budgets for 2024, the need to retain and engage employees has never been more crucial. Following overwhelming demand in 2023-2024, Financial Wellbeing Workshops led by Certified Money Coach Luca Caruana have been expanded to cover a broader spectrum of financial literacy topics, addressing the universal need for financial health across all industries. These workshops, which have already empowered over 1,000 participants across Malta, Croatia, and Estonia, now focus on essential areas such as:
- optimising income,
- managing money,
- saving and investing,
- early debt repayment strategies, and
- establishing financial goals.
Luca believes that the fundamentals of financial wellbeing are universal, transcending professions and industries. His commitment to helping individuals gain control of their finances has positively impacted both professionals and businesses. "No matter the sector, the principles of financial wellbeing apply to everyone," Luca explains, emphasising the ripple effect it can have on personal confidence and workplace performance.
In spite of the challenges in establishing this service in Malta last year, Luca's workshops have helped companies and individuals reduce financial stress, which, according to a PwC study, affects 60% of the workforce. "When we help individuals take control of their finances, we’re not just boosting personal confidence—we're improving employee retention and performance as well," Luca adds.
Recognising the critical role financial health plays in overall wellbeing, Luca has partnered with large banks, Big Four firms, and SMEs to provide tailored financial assessments for workforces. His workshops are becoming a vital component in corporate wellbeing strategies aimed at reducing stress and boosting employee productivity.
In addition to his workshops, Luca is also preparing to launch Monipal, a groundbreaking financial wellbeing platform. Monipal is designed to revolutionise how companies support their employees' financial health by providing real-time insights, interactive tools, and personalised financial pathways. This dynamic platform offers ongoing tracking of employees' financial progress, empowering businesses to create meaningful, data-driven initiatives that reduce financial stress and enhance employee satisfaction. With Monipal, companies can ensure their teams are not only financially literate but are actively working towards long-term financial stability—leading to a happier, more productive workforce.
Interested in investing in your workforce’s financial wellbeing? Contact Luca at [email protected] to learn how his workshops and Monipal can support your employees.
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