In recent years the YBS Group has made significant progress on our corporate responsibility ambitions and our achievements have been recognised through several prestigious awards – including being crowned Business of the Year at the 2016 Third Sector Business Charity Awards. Our new Society Matters strategy aims to build on this legacy and create a lasting, positive impact on society, because we believe society matters.
In 2016 we identified 12 priorities key to achieving this vision and conducted surveys, interviews and workshops with our stakeholders, including customers, colleagues and suppliers, to gather their views and refine the priorities. Based on the results of this research, we grouped the priorities together under Customer, People, Community and Environment, to create the Society Matters strategy. As a mutual organisation we have a rich heritage of making a positive difference to the communities in which our members and colleagues live and work. To find out more we invite you to visit our Society Matters page here
Under the priority of Community we focus on FINANCAL LITERACY, as a Group, we are working to expand the reach of our financial literacy programme, Money Minds, focusing in particular on reaching children and young adults in schools between the ages of 5 to 19.
Our colleagues use their volunteering allowance to deliver a Money Minds session in a school of their choice, which helps teachers meet the need to improve young people’s financial education. Hannah Colligan – Share Plan Consultant & Isaac Madden – Share Plan Support Specialist are pictured here helping at one of the sessions.
Research has shown that debt and money worries can take their toll on mental health, as well as physical wellbeing across all sectors of society; it is an area of increasing importance to HR and employee benefits professionals.
“This is why we are passionate about supporting our younger members of society with financial literacy programs in schools through Money Minds, as well as in the workplace where we have teamed up with Secondsight, and WEALTH at work, to offer employees access to financial education”; Says Louise Drake, National Sales Manager.
Secondsight specialise in advising and delivering employee benefits and conversational workplace financial education in a way that suits the employer and their people. They understand today’s workforce is often diverse, with different levels of financial knowledge, and often set across multiple locations. To address these challenges, Secondsight works with employers to provide quality communication and education to increase take up of Sharesave schemes. In addition to the bespoke online Sharesave portal they have developed, allowing employers to communicate to the widest audience possible, other successful communication channels include group presentations, workshops, and webinars, predominately delivered face-to-face.
Ian Bird, Business Development Director Secondsight comments; “It is more important than ever for people to understand their money, and the earlier the better. If people are able to learn the basics and develop good financial habits from an early age our future generations will certainly be better equipped to manage their money and financial futures. And what better way to introduce this learning than via financial education programmes in schools and universities? We are firm advocates of such programmes.”
WEALTH at work is a leading provider of financial education in the workplace. They help employees understand how to maximise the value of their workplace savings and benefits by delivering financial education tailored to the needs of individual companies, ranging from large FTSE companies to SMEs.
Laying the foundations for financial security in the future
Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance and advice in the workplace, comments; “Learning how to manage money is an important life skill, developing good financial habits early on can lay the foundations for financial security in the future. By delivering financial education into schools and universities, more people are able to learn the basic principles of money management at a younger age, which will benefit them not only in the early years of adulthood but also throughout their career and later on in life. As well as understanding fundamental topics such as bank statements, over drafts and loans, financial education can help individuals set and achieve their financial goals, including learning how to build a personal savings plan – all in order to support their short, medium and long term savings goals; whether that be saving for a first home or to generate income in retirement.”
If you would like more information simply email the team here