Healthy finances are essential to financial resilience, however few of us have been trained in how to manage our money. Our research identified that this was the case across all employees, regardless of levels of education.
Without financial resilience, the ability to meet unexpected costs or even day-to-day expenses can cause your people stress. They may be distracted and under-productive whilst at work, or even absent from work.
By supporting your people in building their financial resilience you will help them maintain control of their finances and giving them confidence to make financial decisions. They will have the peace of mind that they have appropriate financial plans and contingencies in place, which allow them to live within their budget while also planning ahead.
In doing so, you will help them to focus on their day-to-day life, including their work, free from financial worry – with a positive impact on engagement, productivity and creativity. Financial wellness impacts emotional and physical wellness too – so wellbeing is enhanced more generally.
How we’ll help
We’ll assess the current financial wellness of your people, their attitude to finances and their financial behaviour and how all of this is impacting them when at work. Then, having analysed the data collected, we’ll provide you with a set of recommendations to improve the financial wellness of your people and your business.
Once an approach is agreed, we’ll help you implement a programme to improve your people’s financial wellness and help you monitor the results.