Implementing a robust financial wellbeing strategy
Employees who are struggling financially are more likely to take time off work due to stress. Even if they manage to attend, they are not engaged or productive, which has a knock-on impact on the effectiveness and morale of their line manager and the wider team.
Unless businesses offer a robust financial wellbeing strategy to help individuals get to grips with money issues, an employee’s financial pressures could end up becoming their employer’s workplace issues.
Organisations need to consider the practical steps they can take, and benefits they can offer, to build a financial well-being strategy that enables employees to get back in control of their finances and focus at work again.
This insight covers:
• The impact on employees and stress
• The impact on businesses and presenteeism
• What businesses can do: financial wellbeing strategies