11 February 2019

Financial wellbeing in the workplace – a way forward

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Is your business ignoring the ubiquitous performance-draining plight of employee financial stress?

There is a substantial body of research suggesting that poor financial wellbeing has a powerful and detrimental effect on overall wellbeing, productivity, performance, behaviour, interpersonal connection and more.

Yet, to date, there is little evidence on whether organisations are implementing measures to support their workforce with money-related issues.

This new research, conducted by Salary Finance, HRZone and Cranfield School of Management, examines the extent to which UK businesses are addressing financial wellbeing among their workforce.

Alongside providing HR practitioners with the opportunity to see how their efforts in this area compare to those of other companies, the report also provides practical insights on how to offer better education, support and resources on money-related matters, with the ultimate aim of turning the dial on this largely ignored (and even taboo) matter of financial health.

Tags: Communication, Employee relations, Wellbeing

Salary Finance’s mission is to help millions of working people lead happier, healthier financial lives. The company partners with employers to provide financial wellbeing benefits that help employees become less stressed and more productive and engaged at work, offering simple savings, access to pay as it is earned and affordable loans – all underpinned by accessible, engaging money management tips and tools.