Having the right employees who are engaged and productive is a continuing aim for all businesses. In times of difficult trading conditions, raised cost consciousness and a scarcity of some skilled workers, this is essential.

Recognition and reward are a fundamental part of engagement, and employers go to great lengths to put together attractive reward and benefit packages to demonstrate the value they place on their people.

However, despite this effort, many individuals don't understand or use some benefits and so this is a missed opportunity for both employers and employees.

Financial education programmes can help unlock the value of the whole benefits package. They not only explain benefits but they can also create real change by inspiring employees to take action, make the most of the benefits available to them and improve their own financial wellbeing. This is turn will highlight the value to employees and will drive improved engagement, wellbeing, productivity and retention.