Retailer Central Co-op has launched a financial support benefit across its support centre, food and funeral operations teams.
The Co-op Credit Union benefit will form part of Central Co-op’s overall wellbeing offer. It will enable employees to access a range of tools, services and resources to support their mental health, money and the rising cost of living. Staff will also be able to access options for long-term savings and affordable loans starting from £50.
Central Co-op hopes that access to the credit union will help to reduce employees’ stress, anxiety and absenteeism relating to money worries and subsequently enhance their performance at work.
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Jen Roberts, senior reward and wellbeing manager at Central Co-op, said: “Our colleagues’ wellbeing is important to us, and this includes financial wellbeing. We are pleased to be able to offer this benefit in partnership with The Co-op Credit Union to provide help and resources for all colleagues, whatever their financial wellbeing needs are.”
Earlier this year, Central Co-op invested in its overall wellbeing strategy through the introduction of wellbeing champions across the organisation, the provision of a free virtual GP service for staff and their families, access to free counselling, mental health training for leaders and a free annual health check.