Download our whitepaper to find out why your org should be taking employee financial wellbeing seriously
In 2016, a YouGov Shelter report found that more than one in three (37%) UK households would be unable to pay more than a month’s rent or mortgage if they lost their income.
Since the economic crisis, real wages have remained almost static while the cost of essentials has soared. Millions of families are now living from one pay day to the next, with an adverse turn of events potentially tipping them into serious debt.
What do money worries mean for businesses?
Recent research has found that when employees struggle financially, there’s a major knock-on effect for their employers. People’s money worries spill over into the workplace in a variety of forms, from ill-health to reduced productivity, and have been estimated to cost UK businesses £120 billion a year.
Yet employee financial wellbeing tends to be greatly underappreciated when ‘employee wellbeing’ is considered. In fact, many organisations that take wellbeing seriously omit financial wellbeing completely.
Our whitepaper, Employee financial wellbeing – Time to do more, examines why money worries affect more than the individuals in trouble, and what some organisations are doing to tackle the issue.
Download it to find out:
- What it means for your business when your employees are struggling financially
- How you can encourage more financially responsible behaviour in employees
- How you can help employees get back on track when their finances get out of kilter