EXCLUSIVE: Brewing organisation Heineken UK has introduced a workplace savings benefit to employees to support their financial wellbeing.
The employer partnered with workplace savings provider Cushon to give staff the opportunity to save regularly into an individual savings account (Isa), with the money automatically deducted from their salary each month. Available from 2021, employees have full flexibility to change their level of contribution at any time.
In addition to the savings tool, employees can utilise its flexible benefits platform called Benefits Bar, which allows them to see their monthly expenditure and make more effective choices about their spending. Staff can access a series of webinars on topics including financial planning and investments, estate planning, mortgages and protection.
Aileen Newall, head of reward at Heineken UK, said: “All of the support that we offer is geared towards engaging employees to improve their financial awareness and take control of their finances to help avoid the damaging impact of financial stress.
“Over the last few years we have developed a strong and comprehensive wellbeing agenda with three pillars:– be resilient, be active and be social. Money worries can have a serious impact on mental health. It can cause stress and anxiety and with the country now in recession, and an uncertain future for many, this is set to increase. As an employer, we wanted to provide a range of tools for employees to build their financial knowledge and resilience.
“With easy access to the workplace savings platform, staff have the opportunity to build savings in a no-hassle way. They can view outcome projections to support their decision-making which will improve their financial wellbeing overall.”