HYDERABAD: The IT industry is realising the importance of financial wellness and planning for its employees so that they make the right choices in spending and saving their earnings. The concept is catching on, with some companies making it part of their employee welfare initiatives. Madhapur-based OSI Consulting, for instance, has lined up a few programmes on financial security planning for its employees, says its HR director Trivikram Potluri.
“Experts will be brought in to guide staff on financial management, starting with how to go about their monthly spends and savings. A six months contingency savings is a must for every techie to be able to meet any kind of situation,” Mr Potluri said. Industry lobby body Nasscom (National Association of Software and Services Companies) is also doing its bit to make the sector’s employees more financially aware.
Nasscom regional director Srikanth Srinivasan said the body is trying to arrange meetings between IT companies and financial wellness organisations and experts. He said HR managers are responding positively to this initiative. City-based financial management expert Deepa Nittala says she had met HR teams of some IT companies through the Nasscom initiative and many had asked her to come up with proposals.
Techies, too, are urging their employers to take the lead in educating their employees to make the right financial decisions. Techie V. Ghanshyam said regular awareness programmes with financial experts would do a world of good for thousands of employees in the software sector....