Nobody can go back and start a new beginning but, anyone can make a start today and make a new ending. Corporate Programs. Acumoney Consulting

Transcription

1 Nobody can go back and start a new beginning but, anyone can make a start today and make a new ending Corporate Programs Acumoney Consulting

2 Human Resource Challenges Attrition continues to remain a key area of concern in the Indian industry The most prevalent reason employees leave organizations is better pay elsewhere Improved work-life balance is another area which is slowly but steadily gaining momentum as employees seek to consciously decrease levels of stress Source: Compensation Trends Survey 2012 Deloitte Touche Tohmatsu India P Ltd

3 Points to Ponder Back in the 1950 s, 1960 s, and early 1970 s, companies had the reputation of being primarily autocratic employers, often using a my way or the highway philosophy with employees. Yet, people typically stayed with their employers for many years. Fast forward to the new millennium. Most companies espouse employee empowerment, work/life balance, and team building, yet people seem to change employers as often as they change casual Friday clothing. Source: smartmanager.com Is quest for better pay often a result of mismanagement of current pay? Should employees be supported on financial learning and development, apart from job related skills?

4 The Missing Link Frequent job changes for a meager hike in pay, is a direct result of personal financial mismanagement. This attitude is costly for the company as well as the employees, as it leads to limited career growth in long term. Do not hire a man who does your work for money, but him who does it for love of it. Henry David Thoreau

5 A neglected need, a simple solution Financial Education and Guidance Benefits Benefits Pleasure in the job puts perfection in the work. Aristotle

6 Acumoney Initiative Demystifying Financial Planning Session Brief summary of session: Life s goals and career path from early job years to retirement Common financial mistakes people make during their career and its associated cost Does one need to blindly chase high returns? How high is high? How mistakes can be avoided or rectified with the help of structured financial planning process Is financial planning same as wealth management? What is Financial Planning and what it is not? Duration: 60 minutes including question time Objectives: To educate and spread awareness about need for financial literacy and planning Challenge myths such as higher income means higher wealth Everyone s goals are different and hence in financial world, one size does not fit all. Importance of avoiding the herd mentality We avoid using complex jargons or any financial calculations during the session Your Partner in Bucking The Trend

7 The Acumoney Advantage 1. Professionally qualified team 2. Not associated with any financial institution 3. Do not sell any financial products 4. Experienced in the practice of financial planning 5. Relates to your employees years of corporate work experienced team Management Team Ms. Neeti Trivedi Qualifications: Chartered Accountant Certified Financial Planner B Com (Pune University, Rank Holder) Past Work Experience: ICICI Bank Infosys Technologies Sprism Investments Member: Institute of Chartered Accountants of India, New Delhi Association of Mutual Funds in India, Mumbai Financial Planning Standards Board, Mumbai Mr. Rishi Trivedi Qualifications: Chartered Accountant Certified Professional Forecaster EPBM (IIM, Calcutta) MA Economics Past Work Experience: Apple Hewlett Packard McAfee Member: Institute of Chartered Accountants of India, New Delhi Institute of Business Forecasting & Planning, New York National Institute of Personnel Management, Kolkatta

8 Who is benefitting already? Demystifying financial Planning Sessions Corporate HR Initiative

9 Who is benefitting already? HR Testomonials The session on Financial Planning was an eye opener to many of us. The session covered basic concepts of Financial Planning, common errors people commit while managing their finances and the process of Financial Planning and Reviewing. Thanks to Rishi and Neeti Trivedi from [Acumoney] consulting for the enlightening presentation Ms Seema Shenoy, Human Resources - Idea Cellular The general feedback on your session was very good and we should get another one conducted in the coming months Ms Deepthi Shetty Human Resources Tata Teleservices Thanks for taking time to educate our employees on Financial Planning, we will definitely extend it to other Business groups. We also see if we can include your session as a part of our induction program Sriganesh DS Humand Resources 3M Thank you Rishi and Neeti for taking the time to come and deliver the session at Aditi. My personal feedback of the session is positive as it was lively and informative. Rohit Poonja Human Resources Aditi Technologies

10 Acumoney Consulting LLP World Trade Center, 22 nd Floor N 2201 Brigade Gateway Campus 26/1 Dr Rajkumar Road Malleswaram West Bangalore INDIA T: F: E: plan@acumoney.com W: