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ArthaYantra, which claims to be the world's only full service robo advisory, on Wednesday announced the launch of a dedicated financial wellness programme for corporates as part of employee benefit.
This initiative helps employers to address financial well-being of employees by providing them access to a comprehensive financial plan, a roadmap to achieve all their financial goals, it said.
According to financial wellness survey of 1,000 employees by ArthaYantra, 68 per cent face financial stress. As many as 37 per cent confirm that issues with personal finance are a major cause of distraction at work.
The survey revealed that 72 per cent of the surveyed employees have not thought about retirement or don't know how to save for retirement. More thanA85 percent of employees want their organisations to provide personal finance advice that will help them reduce stress.
At a fraction of the cost incurred by companies on employees' recreation and engagement, ArthaYantra enables organisations to help employees plan their financial goals and be retirement-ready.
"Employees spend more than two third of their time at work and are a critical asset to any organisation. Financial wellness today is the fastest growing employee benefit programme. We have received immense response from many big names and are already implementing the programme with a two-wheeler manufacturing giant in India at multiple locations and world's leading insurance company in Mumbai," said Nitin Vyakaranam, Founder and CEO, ArthaYantra.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)