It is imperative that new hires are given financial counselling. In many cases, these persons are persons who never had an income before or are going to be earning a higher income. While it is expected that a higher salary should result in more savings, economics tells us that the opposite happens as a person’s taste for more expensive goods increases, thereby resulting in less savings, and there is an expectation for an increase in salary, sometimes unreasonably so (especially if spurred on by a union). Therefore, counselling will help with budgeting and will highlight the importance of setting aside savings first. Also, H.R. would find that staff who are more financially aware would be more understanding when negotiations for increases in salary come around, especially in times of financial hardships.