Silver Oak Health offers financial counselling services as part of the Employee Assistance Program (EAP). These services are designed to help employees and their dependent family members manage their finances effectively, providing expert guidance on a variety of financial matters.
How does it work?
1. Expert Financial Consultants:
Employees can book appointments with seasoned financial consultants who specialize in debt management, investments, and other financial matters.
The consultants offer high-level advice without endorsing specific financial products, ensuring that the guidance remains impartial and objective.
2. Convenient Access:
Each employee and their dependents are entitled to two 30-minute sessions per year.
These sessions are designed as one-time consultations, making it easy for employees to receive the necessary guidance without requiring a long-term commitment.
What are some of the common issues?
Credit Card or EMI Payment: Advice on managing credit card debt and EMI payments, helping employees stay on top of their financial obligations.
Family Budgeting: Guidance on creating and maintaining a family budget to ensure financial stability and meeting household needs.
College Planning for Children: Assistance with planning and saving for children’s education, including strategies for funding college expenses.
Buying a Home: Expert advice on the financial aspects of purchasing a home, including mortgage options and budgeting for homeownership.
Setting Financial Goals: Help with defining and setting achievable financial goals, whether short-term or long-term.
Savings and Investment Strategies: Guidance on effective savings plans and investment strategies to grow wealth and secure financial future.
Retirement Planning: Advice on planning for retirement, including saving strategies, investment options, and understanding retirement benefits.
Why are these calls helpful?
1. Personalized Advice:
Financial consultants provide tailored advice based on the individual needs and goals of the employee.
This personalized approach ensures that employees receive relevant and practical guidance that can be directly applied to their financial situation.
2. Improved Financial Health:
By receiving expert advice, employees can make informed decisions that improve their financial health and stability.
This can lead to reduced financial stress and a greater sense of control over their financial future.