A Quick Guide to Adults in the Digital World

Must Read

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

Adulthood is a word that is loaded with several meanings especially in cultures in which the term is used to denote responsibilities and societal expectations. Over time, adults have been perceived as the custodian of knowledge, people who are “supposed to know” certain things. But things are quite different in the digital world as we all need to be life-long learners here.

It is no doubt that technological advancement is growing at a pace that is hard for many of us to keep up with. From accessing essential services such as telemedicine to the struggle of keeping up with the Joneses on social media and the need to remember dozens of passwords and security questions, we all know that the digital world requires some mental energy. New issues are springing up every day about what life in the digital world looks like. Discussion around digital skills and internet safety are becoming very critical at this point. Therefore, the following points highlight what is important for adults to do in our tech-savvy world:

  • Review your digital footprint: Does that sound too techy? You do not have to break a sweat to do this. Just type your name on a search engine like Google and find out all that you have on you online. You need to know what is out there about you. Are the things you are proud of today and would be proud of in the next few years? By reviewing your digital footprint, you get an idea of the kind of information anyone in the global world can find about you. This practice has had impacts on people’s careers and other life relationships.
  • Know that the internet remembers: This is closely linked with your digital footprint. You must be careful about the kind of information you share online especially on social media channels. You cannot be sure of the reach of the posts as you do not know who has saved them. As a result, do not put things out there that you might take back. You cannot swallow your words on social media as the internet always remembers.
  • Choose what you need, not what is available: We have such inundating options of social media platforms and mobile applications that it is hard to make choices. You should ask yourself important questions on the needs you want to fulfil online. You do not have to be present on all social media platforms or download all kinds of mobile apps you find available. Choose the ones that serve your most pressing needs.
  • Seek digital safety: It is disgusting to find out that one of your social media accounts have been hacked. This has happened to many people in recent times. Hence, you must seek digital safety by taking necessary precautions such as activating the two-step verification and safe-guarding your passwords.
  • Maintain a good offline reputation: Some people will meet you first online before meeting you in person. Therefore, you need to maintain a good reputation offline. There are people whose social media accounts were hacked and they got to know because of their offline contacts who reached out to them to notify them. When people know the kind of person you are offline, they can easily tell that your accounts have been hacked when they see ridiculous posts from your social media accounts.
Read Also:  Earnings Season Will Be A Bloodbath For Oil Producers

To sum up, the digital world is one in which we all still have a lot to learn. There is no adulthood here. Ask for help if you need help to navigate the murky waters of the digital world.

- Advertisement -
A Quick Guide to Adults in the Digital World - Brand SpurA Quick Guide to Adults in the Digital World - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

A Quick Guide to Adults in the Digital World - Brand SpurA Quick Guide to Adults in the Digital World - Brand Spur

Latest News

Singapore Employees Lack Retirement Support From Companies While Financial Wellbeing Becomes a Top Priority: Aon Survey

SINGAPORE - Media OutReach - 14 April 2021 - Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released the findings of the 2021 Trends in Retirement & Financial Wellbeing survey for Singapore.


Working adults in Singapore ranked retirement planning as their top priority but an alarming 80% underestimate how much they really need to retire. While retirement support from employers is also lacking, further challenges remain around transparency in group retirement plans' investment offerings and employees foregoing long-term perspectives to seek short-term gains.

Read Also:  LASG Commissions New Digitized Treasury Office Storage Facility In Alausa, Roads In Lekki (Photos)


Ashley Palmer, Regional Managing Partner, Retirement & Investments, Asia for Aon, said, ""Employers can have a significant impact on how much their employees save by instilling smart habits and healthy money behaviours. The right long-term savings vehicles, effective communications and financial tools will help Singapore's workforce be more financially resilient in the wake of the COVID-19 pandemic."


The survey identifies three main themes in financial wellbeing and retirement support for Singapore employees.


Financial wellbeing support is the new employee expectation. As a result, close to 40% of employers rank an employee financial wellbeing strategy as their highest priority, followed by emotional and mental wellbeing support. The survey shows that 70% of Singapore employers will formulate or execute financial wellbeing programmes throughout 2021, in line with employee expectations. Companies also view offering a financial wellbeing programme critical in increasing employee engagement and remaining competitive in the talent market.


There is an increasing trend of employer-led supplementary savings plans. Currently, 22% of companies surveyed offer Central Provident Fund (CPF) top-up contributions to citizens and Permanent Residents. But, close to 40% of the working population in Singapore are foreigners who do not have access to CPF and are likely to have foregone their retirement benefits in their home countries. To bridge this gap, and to provide equitable retirement benefits to all employee groups, close to 50% of the organisations surveyed offer supplementary retirement benefits to their foreign staff. Financial services firms are leading in this practice, followed by the technology and the healthcare sectors.


Promisingly, a third of organisations in Singapore are prioritising a thorough review of their supplementary retirement arrangements in 2021.


Alicia Brittain, Senior Consultant & Actuary, Retirement & Investments, Singapore for Aon, said, "Forward-looking companies first need to understand the financial worries of their employees and identify the gaps in their benefits offering. The most effective approaches are aimed at changing individual behaviours towards money and savings and providing accessible programmes and vehicles to deliver sustainable change. For example, when organisations provide retirement benefits as cash-in-lieu, it is most likely immediately spent and so does not form part of an emergency fund or long-term savings for the employees' retirement years. Supplementary retirement plans solve this issue and are more flexible and cost effective - and can also offer contributions above the monthly CPF wage cap to increase employee savings."


Employees in Singapore lack a well-defined default investment strategy. Less than 30% of the surveyed companies in Singapore currently offer their employees an investment choice in their retirement plans, and only 15% of retirement plans have a default investment fund. This leads to employees selecting their own optimal investment funds. They may lack experience in understanding investments, which can lead to misallocating their money and result in inadequate retirement savings or excessive risk taking.


Brittain added, "The key to protecting employees and adding value to savings in any defined contribution retirement plan is a well-defined default investment strategy. This includes frequent performance monitoring, actively managing investment risks and dynamically reducing investment risk as employees move towards retirement."


Notes to Editors

The Aon 2021 Trends in Retirement & Financial Wellbeing for Singapore survey was designed to help organisations understand the unique retirement and financial needs of their Singapore workforce. This tri-annual survey was completed by organisations with employee populations ranging from five to over 4,000 and are based in Singapore. Responding Rewards and Benefits Leaders, HR and Finance Professionals provided feedback and insight on their organisations' financial wellbeing and retirement programmes, interests and concerns. Click here for the full report.

About Aon

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Follow Aon on Twitter and LinkedIn


Stay up to date by visiting the Aon Newsroom and hear from Aon's expert advisors in The One Brief.


Sign up for News Alerts here

A Quick Guide to Adults in the Digital World - Brand Spur
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -A Quick Guide to Adults in the Digital World - Brand SpurA Quick Guide to Adults in the Digital World - Brand Spur