360 degree corporate financial wellness services
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Transcript of 360 degree corporate financial wellness services
Integrated Financial Wellness Program for Employees
A Proposal By Right Horizons
Executive Summary• Right Horizons is a Taxation and Investment Advisory
Firm providing integrated financial wellness services to employees of Corporates
• We offer various levels of engagement with corporates to assist their employees on Taxation and Personal Financial Management
• The services could include conducting educative seminars/ presentations, periodic newsletters, providing a helpdesk for a face to face meeting, responding to email queries, hosting data on a personal finance intranet/extranet for self service of employees and working with the company to provide tax efficiency
• We work in close collaboration with the company HR to explain various benefits provided to them
Financial Wellness of employees is critical for their productivity
Program Offerings
Presentati
on & Seminars
Help Desk Personal Finance Portal
Email Support & Chat
Addressing Individual queries
Guiding employees on investments
Induction Training
Quarterly Seminars - Taxation at Beginning & Yr End ; Personal Finance for
Educative – no product selling
For employees who prefer in self service
Having calculators
Work with employer to illustrate benefits provided to employees
Chats based on Calendar for the year
FAQs Mail Queries
– policy related to be forwarded to HR
Engaging employees through multiple channels of communication
Creating Active Participation • Specific group initiatives
– Seminars – Seniors/Fresher: theme based– Forums on need based
• Working couple• Child/Retirement /Home/ Vehicle etc• Single Parents
– Health and wealth checkup on weekends (minimum 15 people)• Make site more interactive
– Polls on generic topic– E-Newsletter/alerts (on subscriptions; free of cost) – Different articles updated as per financial calendar– Different tools/calculators– Do you Know ? – series and Tips for the day/weeks – Contest / Cross word puzzle or Quiz – mainly on financial and taxation with prizes– Opinion on generic questions (on customer mind e.g SBI loans, continue SIPs, etc)
• Survey on requirement Vs offering• Other media for interactive apart from intranet
– Chat/Webcast– Blog aimed an knowledge building – VOIP with other wipro locations
• Creating Awareness– Posters– Innovative Mailers– Intranet ads
Benefit EventQuiz, Help Desk Seminar on Tax
Sep 2014June 2014 July 2014 Aug2014
On going Help Desk (Can add in cafeteria/ poster/ banner for theme)
Sample- Road Map For 4 Months
Financial planning Presentation
And monthly news letter
Financial portal withGroups, Do You know, chat, Polls, Cross Word
Conduct Survey(Services required/
feedback on services)
Survey Finding
Chat / Web castTax optimization
Band LEvel
Changes on Intranet after the Survey finding
Tax filing helpdesk and Online portal
Budget Awareness and
Chat
Financial Wellness of employees is critical for their productivity
Monthly News Letter Calendar based We publish a Financial Calendar at the beginning of the year
Case Study – Relationship Over 11 Years
Quarter Chat – Webex, Intranet basedTheme based on Budget, ESOP, Tax saving , Loans etc
Help desk at Each locationDepending on the location strength, helpdesk would be daily
/weekly / monthly : specific date and time to be provided
Query – Thru Mail, Call or Web portalInternal mail id created that is dot forwarded- to solve all Tax and
Investment queries
Financial Wellness PortalEducative Portal on Taxation and Personal Finance with Regular
updates on companies policies, calculators etc
Newsletters
Chat
Help Desk
Query Handling
Personal Financial
Portal
Ser
vice
sO
ffere
d E
mpl
oyee
R
elat
ed
Rs 6000Free
Com
mer
ial
s
Silver
Discounted Services To EmployeesGold Platinum
Rs 2500Free
FreeFree
First YearRenewal
•Tax / Investment Planning Advice•Weekly Market Reports•Subscription to Blog, Yahoo Groups, etc.•IPO / NFO alerts
YesYesYesYes
YesYesYesYes
YesYesYesYes
Description
•Dedicated Relationship Person •Tax Filing •Monthly / Yearly reports
PaidNONO
YesDiscounted
Yearly
YesYesYes
•Portfolio monitoring; profit booking & switches•PMS, Art Funds, Structured Products•Real estate fund & Real Estate options
NoNoNo
NoNoNo
YesYesYes
•Double taxation / US tax filing from India •ESOP strategies •Multiple location support •Special Discounted Fees for employees•Represent company to provide deals for employees for other organizations•Home Loans, Personal Loans, Investment Avenues, Real Estate, etc
Yes
YesYesYes
Yes
Yes
YesYesYesYes
Yes
Yes
YesYesYesYes
Yes
Our Differentiators
Is a one stop shop on all financial needs – from tax planning to investments providing value and a structured oversight
Having to work with multiple Wealth Managers and Advisors O
ne
stop
sh
op
Wealth Advisory by MNC/Indian Bank Right Horizons Provides
Multiple avenues; Multiple options under each avenue – providing range and reducing bias. Eg we provide the range of ICICI Bk, HDFC Bank, Templeton PMS all under one roof without bias
Wealth Management advice only suggests their own products and does not have a complete range of avenues
Ow
n P
rodu
ct
Planning provides the foundation – advice completely customised to each individual
Minimal planning at the individual level, no customization
Pla
nnin
g
Managing Risk given primary importance – help provide long term growth; multiple vendors help diversify eg spread across multiple PMS
Advice without financial basis: not founded on Risk ManagementR
isk
mgt
Advice based on market outlook; a unique derisked modelS
ell Advice based on what was easier to
sell
Taken care of tax implication to reduce tax and help in tax filing
Tax Advice are not linked to tax
implications
Support from Employer• Sync up with Intranet team to revamp Portal
– To enhance look and feel of site– Make site live with regular updates
• Monthly newsletter– Provide any specific newsletter template in case available.
• Finalize set of Presentations – Presentation Themes to be finalised
• Finalize set of question on survey– Broadcast Survey to employees
• Finalize Chat/Broadcast Theme and date and time• Help desk in cafeteria and permission for poster/banner on
notice boards • Extranet access to RH for faster response, on queries and
updates
Corporate Services and offering • Employee
Benefits(Corporate Insurance)
• Treasury• Compensation
Services• Value Added
Services to employees
• Mergers & Acquisitions• Funding
• Joint Venture• Business Strategy
• Group Gratuity• Group
Superannuation• Group Leave
Encashment
•Group Personal Accident / Medical Cover (GPA/GMC)•Marine/ Motor/ Fire Insurance•Travel Policy (Corporate and Individual)•Financial Lines (D&O, E&O etc.)•Casualty (Workmen compensation, etc.)
Corporate
Investment
Banking & Consultin
g
Group Life
Insurance
Group Non-Life
Insurance
Appendix • Portal Screenshots• Arthashastra schedule sheet • Arthashastra Report
Microsoft Office Word 97 - 2003 Document
Microsoft Office Excel 97-2003 Worksheet
Portal Home Page
Portal Home Page - 2
Calculators
Technology wise implementation• Intranet
– We give the Source files and data to be uploaded or send to all employees
– These have section like• Company Advantages• News letter• Helpdesk• Chat• Query board
• IP address open to Portal managed by us
Thank You
Right Horizons Financial Services Pvt. Ltd.www.righthorizons.com [email protected] 9845399780