If you’re a benefits or wellbeing professional getting started on a financial wellbeing strategy, this article, published in full here by the team at Claro Wellbeing, will help shape your planning and research.
Strengthening your people’s benefits package with a financial wellbeing strategy can be overwhelming at first. Finances are complex. People even more so.
In this article, the Claro Wellbeing team break down the 12 steps of building a financial wellbeing strategy at your organisation – from first steps, to key decisions and ongoing improvements – pairing common concerns of each stage with resources to help move you forward.
These steps include:
- Be clear on ‘the why’
- Know your data points
- Measuring your financial wellbeing strategy
- Avoid wellbeing washing
- Figure out what kinds of support your employees need
- Keep up engagement over time
- Get your team aligned on choosing a provider to support you
- Get buy-in from your team, the finance department and the CFO
- Create ways to collect feedback
- Help normalise conversations around financial wellbeing
- Support wider organisation initiatives
- Review how you’re measuring your success
Click here to be taken to the complete article on the Claro Wellbeing blog.