HOW TO OFFER EFFECTIVE FINANCIAL WELLBEING SUPPORT TO YOUR TEAMS

It’s no secret that we’re all feeling the pinch at the moment.

The UK inflation rate, as measured by the Consumer Prices Index (CPI) rose to 9.4% in July 2022—a 40-year high.

Worrying about money is one of the biggest drivers of stress in UK adults, but financial strain doesn’t just affect us at home, it has a big impact on us at work too. Studies have shown a clear link between money worries and employee performance, with anxiety over finances found to increase absenteeism by 41%, reduce employee engagement and significantly impact productivity.

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With this in mind, it’s not in your organisation’s interest to ignore the current Cost of Living crisis—but what financial wellbeing support can you offer?

In this blog, we take a look at; How can employee financial wellbeing benefit your business, is it more than just a good salary, and what you can do to help.