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A new survey shows that despite the majority of workers wanting financial education from their employers, very few have access to it.

The CloudPay report found that 91% of employees believe that they or their colleagues would benefit from employer-led financial education, support and advice, however, only 34% currently have access.

Commenting on the findings, Judith Lamb, Vice President of Global HR at CloudPay, said, “It’s no secret that many people are facing significant difficulties managing their finances in the challenging conditions that we’re currently experiencing.

“However, it’s also clear that staff are looking for additional financial education from their employers to help them navigate this tough period. There’s very little resource for education around money management in the UK school system and the onus is falling on employers to provide information that can help professionals to tackle conditions that they have never faced before.”

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

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Judith added, “Providing this sort of education isn’t only just the right thing to do, it can also prevent staff attrition levels rising as employees move to source better pay.

“Few organisations can afford to continue offering higher salaries at the moment, but providing education around how employees can better manage their available resources can help salaries to go further.

“The onus is on employers to lead this charge as there’s currently a major gap in the market for this sort of expertise. Being able to access earned wages as and when they are needed can obviously provide a huge helping hand, however, there’s clearly a demand for greater degrees of financial education on top of this.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £125 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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