Provide financial education and tools for employees
Many new government employees have yet to accumulate savings or be exposed to wealth-building strategies and programs.
All employees benefit from an investment in financial education and wealth building strategies. Ensuring employees have access to banks and credit, as well as tax preparation services, can improve their financial stability - and increase their motivation to remain as a government employee.
To get started:
Identify and connect with programs across the country and in your community that provide access to financial tools for employees.
Consider offering financial literacy training for your employees, and include topics such as setting financial goals, understanding credit score and history, establishing credit, reducing debt, and tax preparation.
Best Practices / Innovative Programs
The Cities for Financial Empowerment (CFE) Fund provides both funding and focused technical assistance to mayors and their teams to help them embed systemic financial empowerment programs and policies into city services to improve individual and family financial stability.
