In an economy where so many consumers experience financial stress, giving your employees access to practical financial wellbeing solutions gives you a competitive edge as an employer by promoting better workplace safety and ethics, higher employee productivity, co-operative labour relations and staff retention.
FINANCIAL PROTECTION
Summit’s legal fights have actively changed South Africa’s credit laws by tackling abusive garnishee and overcharging practices in court.
We believe in holding lenders and debt collectors accountable to create a safe and fair credit industry for consumers.
Each month, our legal team saves over R6 million for employees by targeting and challenging:
DEBT RELIEF
When employees have an impaired credit score, their future wealth creation, home ownership, and financially independent retirement are at risk.
Debt relief solutions like statutory debt counselling and Summit’s voluntary debt rescheduling agreements help over-indebted employees secure affordable debt payments by:
FINANCIAL INDEPENDENCE
Once unlawful loans are eliminated, and debt payments are affordable, Summit helps employees build a financially independent future through:
SUMMIT SAVE
Wealth creation and financial independence start with eliminating unsecure debt, and then building up short- and long-term savings.
Summit’s unique financial wellbeing solution – a savings product featuring guaranteed growth, zero fees and secure automated payment via payroll – helps employees save for specific financial goals while guarding them from the number one cause of over-indebtedness – unplanned emergencies.
For employers, Summit Save can be integrated into existing employee wellbeing initiatives and human resources benefits plans, and is used to secure emergency savings for all employees applying for debt counselling.
SUPPORT IN CHANGE
We understand that retrenching is a difficult and stressful process for employers and human resource professionals, but the most lasting impact of retrenchment is felt by the employees being retrenched.
With the right support, however, we believe employees can be empowered to survive retrenchment, and take charge of an uncertain future. Summit’s three-tiered retrenchment support programme ensures all employees receive the level of support they need when they need it throughout the retrenchment process:
