Financial First Aiders are a new concept in employee wellbeing. In this article, we’ll explain what they are and why you need them in your organisation.
We’ve entered spring with the cost of living crisis still wreaking havoc. Every bill that can go up has gone up.
And people are struggling. Claro Wellbeing’s research shows that financial stress is high. Two-thirds of employees say financial stress affects their work. And they’re spending an average of 3.5 working days a year managing finances while at work.
As a result, more than half (55%) of employees do not think their organisation cares about their financial wellbeing.
In the wake of this, we’ve seen many organisations take a fresh look at their employee benefits and wellbeing strategies, to help retain talent and defend their reputations as employers.
Even then, talking about money is tough. It can feel almost impossible to spot the signs of a struggling employee. Money stress exacts a huge mental burden. But so few of us readily volunteer information about our financial pains. And consequently, so few organisations are in tune with their people’s financial stress.
And that’s exactly where Financial First Aiders can be immensely valuable to organisations.
In this article, we’ll explain what Financial First Aiders are and why you need them in your organisation.
Click here to read this article in full on the Claro Wellbeing blog.