Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Financial wellness through workplace banking

Home National Financial wellness through workplace banking

Staff Reporter
Windhoek

Employees’ financial problems can spill over into the workplace and disrupt productivity, and it is therefore important to promote employee Financial Wellness through Workplace Banking, Standard Bank says.

Based on this belief, Standard Bank this year dedicated its time at the Mining Expo and Conference to informing the mining fraternity of the importance of Workplace Banking.

The expo took place on 26 and 27 April 2017 at the Windhoek Showgrounds.

“Standard Bank through its Workplace Banking programme would like to encourage people to spend within their means and earnings, especially when looking at their day to day expenses and how they can also leave a portion for savings, especially in this trying economic climate.

“Most of the time Namibians spend more than what they earn resulting in unnecessary debt and worry, so that is why it’s important for them to also save for the future,” Standard Bank’s Workplace Banking Manager Cicelia Hagen-Cloete advised companies at the Mining Expo and Conference.

Curbing the negative impact of financial stress such a low morale, low performance and poor productivity through financial education (Workplace Banking), companies could rest assured that employees value proposition would be enhanced. The spillage of financial woes into the workplace could lead to a loss of profits for the business. As such, basic financial education for employees was an essential investment for every business.

“Workplace Banking also offers fully integrated end to end sales and service options to staff. Our aim is to provide packaged solutions to assist employees to move forward in life — making banking simple, convenient, affordable and accessible,” Hagen-Cloete explained.

Workplace Banking consultants could help employees reach their financial goals through a range of topics, such as financial planning, budgeting, saving through investments, will and estate planning, as well as day to day banking.

Hagen-Cloete stressed that financially empowered employees could take control of personal finances, allowing them to experience a strong sense of wellness and health, which would enhance focus on their work and make them more productive in the company.

“Our wide range of banking channels from mobile sales consultants and branches through to internet banking, means employees may interact with us at times that are most convenient to them,” she concluded.

For more information on Workplace Banking Standard Bank encouraged people to send an email to NamibiaWorkplaceBanking@standardbank.com.na, visit their nearest branch, Standard Bank’s website at www.standardbank.com.na or the bank’s Facebook page.