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Interesting story out of the UK, where market leader Tesco reportedly is launching a financial education program for its 280,000 employees that is designed to help them make the most of their money through canny budgeting, saving, buying and investing.

Hayley Tatum, director of personnel for Tesco’s UK stores, is quoted as saying: “Tesco is undertaking these initiatives because we are very keen to support our people every way we can. Good money management can make a real difference to people’s lives. We are proud to offer an excellent range of benefits to all staff, including a defined benefit pension scheme and a range of share/save schemes. But we wanted to ensure we are doing all we can to encourage staff to take up all benefits available to them and, by linking with the FSA, to ensure they have access to information about how best to manage their finances.”

KC's View:
This is a smart way to take care of employees who almost have to be affected by the economic downturn hitting so much of the world. Kudos to Tesco.

More retailers – more employers – should take such care.

As Tesco’s slogan says: ”Every little helps.” This is a great example of putting a slogan into practice.