Learning platform Thrive Learning empowers its employees to build financial confidence, reduce stress and plan for the future through its comprehensive financial wellbeing offering.
The employer offers a variety of financial wellbeing and education support, provided by financial wellbeing platform Maji. This includes digital resources such as budgeting tools, financial education content, and on-demand planning features via an app. Unlimited access to one-on-one coaching from financial coaches, offering personalised guidance on debt management, budgeting and saving is also available.
Thrive also manages and communicates its pension salary sacrifice arrangement through the platform, helping employees save on tax and national insurance (NI) while increasing their savings.
Its strategy is designed to meet the needs of its 140 employees across all demographics, life stages and issues, such as paying off debt, balancing childcare costs, and retirement planning, explains Dan Mellors, chief financial officer at Thrive Learning.
“We recognise that financial wellbeing is a critical part of employee support, so try to ensure that even with a small HR team and budget, staff have access to high-quality benefits,” he says. ”We improve their financial confidence by offering a fully integrated, accessible financial wellbeing platform with expert guidance, interactive tools, and personalised education. Employees are empowered to take control of their finances through financial coaching, self-paced learning resources, and data-driven insights tailored to their life stage and financial goals.”
Thrive’s aim with the platform was to bring together support for common financial concerns, such as budgeting, debt, savings, and pensions, into one place, offering practical tools that boost employees’ confidence and help them take control of their money. It also implemented an online learning academy with self-guided resources tailored to key money topics, while all communications are personalised and data-informed.
As a result of its investment, 57% of employees increased their pension contributions, more than half opted into tools to encourage gradual contribution increases over time, and 65% are on track to meet or exceed the government’s recommended contribution levels.
The organisation has helped employees across all levels build the confidence to take meaningful financial action, explains Mellors.
“Our digital platform removes complexity, replaces jargon with clear explanations, and provides actionable steps. We want our employees to show up each day and be their best at work, and supporting them financially is one way we can make that happen. We’ve already seen stronger engagement with pensions and better financial outcomes across the team,” he says.
