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SEC introduces ?Financial Literacy in Workplace? Project



Monday 24 March 2014 | No. 39 / 2014


 
Bangkok, March 24, 2014 ? The SEC launched ?Financial Literacy in Workplace? Project or ?FL in Workplace? to support employers to organize a learning process in personal finance for their employees with a view to accomplishing sustainable knowledge management and development.  The application can be filed until April 25, 2014.
 
Vorapol Socatiyanurak, SEC Secretary-General, said ?FL in Workplace? aims to promote employees? financial literacy and skills through programs organized by both public and private employers. With employers? participation, financial education program can help support their employees to have financial management and planning skills, better standard of living and ability to afford comfortable retirement. Under the program, human resource unit of each employer will play a key role along with financial advocate, chief financial officer (CFO), for example. The SEC will work on curriculum design, volunteer mentors, and employers? human resource staff training to become financial instructors. In addition, 13 alliances from the ?Financial Literacy: Road to Thailand?s Prosperity? Project and other supporters will be of assistance on volunteer mentors, contents and public relations to raise awareness among employers, both in public and private sectors.

In designing the Project, the SEC worked with the Thai Listed Companies Association and agreed that promotion of financial literacy in workplace through human resource unit would achieve a long-lasting knowledge dissemination and management. The first ?FL in Workplace? is now open for 30 participants. The application can be filed until April 25, 2014. For those interested in the Project, please email us at fin_literacy@sec.or.th for further details and filing an application. 

?The SEC recognizes value of employees and believes that they should be treated well, in particular their financial wellness.  Currently, employee savings remain modest as many of them have no saving or save with a little money while facing problem with their level of debt. Many of them, in addition, start saving too late and save in assets offering low return, eventually resulting in insufficient amount of savings. ?FL in Workplace? offer employers another channel to help their employees. If 15 million people in workforce become more financially secured and have higher standard of living, their efficiency will increase which will bring about higher productivity of the country,? said Vorapol.