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 rachna@righthorizons.com- 9845399780