Old Mutual urges employers to support employee well-being
The financial services firm called for a holistic approach to worker welfare beyond salaries and productivity.
Old Mutual challenged Botswana employers last Thursday to prioritize employee well-being, focusing on financial security and retirement preparedness alongside workplace conditions. The call came during the Old Mutual HR Thought Leadership Session at the Gaborone International Convention Centre.
Old Mutual Interim Group CEO Ricardo Sardien stated that HR's role now includes employees' financial well-being, noting that current living costs make saving for retirement difficult. He cited Statistics Botswana's 7.8 per cent annual inflation in September as a factor impacting employees' ability to save.
Old Mutual Managing Director Reason Nyamambi urged financial services providers to educate employers and employees on financial decisions. She advocated for innovative solutions to meet changing workforce needs, moving beyond outdated arrangements.
Why it mattersBotswana employees face increasing pressure from rising living costs and workplace stress, impacting their ability to save for retirement.