“Employee financial well-being, as a state of both emotional and physical well-being, produced by a set of conditions and abilities. It includes making the most of an adequate income to enjoy a reasonable quality of life and having the skills and capabilities to manage money well, both on a daily basis and for the future”. (CIPD)
This definition of end-to-end financial wellbeing includes giving employees the tools and education they need to manage their money better and the opportunity to stretch their salaries further so they can get as much from their lives as possible – leading to better mental health.
After all, when employees are happy and healthy, they’re more engaged and productive.
In this blog, we take a look at: financial anxiety, your financial wellbeing offering, salary-stretching solutions, and reward and recognition.