Case study: Capita Group
Professional services and outsourcing company Capita Group has offered a sharesave scheme since 2000 and a share incentive plan since 2002. It uses a range of methods to educate its employees about its share schemes, including mailing booklets to their home addresses, hosting presentations and putting information on the company intranet.
Julie Richardson, client relationship director at Capita, explains the aim is to give employees enough information to make informed decisions. Through the intranet, staff can also access information on mortgages, will writing and financial savings products, although it is careful not to stray into the realm of financial advice. "Our website doesn’t give financial advice, it gives information. If people require financial advice they can see a professional financial adviser at a discounted rate," says Richardson.
She adds that while there is no direct benefit to providing general financial information to employees, financially-astute staff are less likely to be stressed and may therefore take less time off work to sort out their financial affairs.