Corporations - Define project scope
Where to start?
- Define first your project goals: what do you want to achieve by offering a financial education programme to your employee?
- for your employees
- for your company
- Defining your project goals will enable you to determine your success indicators.
- Who are you targeting? All your staff? Some groups only? You may want to start with one pilot group. You may have to run different versions according to specific needs, income, financial situations (debt, home owner? credit card holders, age range, family support...) and maths/general literacy.
- What is your time frame? Be aware that one-off programmes have usually a very low impact on how people manage their money- frequent short training sessions introducing technical content and practical tips, addressing behaviour issues and reviewing previous sessions are more efficient than a one-day training packed with too much information and too little reflexion time on how to apply it in daily life.
- What is your budget?
- Needs assessment: before starting, you will need to find out what your staff knows about money, how they manage it, what their issues/fears are and what they would like to learn.
- ... Respect confidentiality: at all stages of your project (needs assessment, training, output measurement...), you need to make sure that confidentiality is fully respected. A big part of financial education is about building participants' confidence in managing money. They need to be ensured that their personal situation will not be divulged to anybody.
Tool box (soon):
- List of questions to download
- needs assessment sample
- budget sample