With only a tiny 3% of staff turning to their manager or HR department for financial guidance, new research has found that 67% of employees think that their employer doesn’t care about their financial wellness.
Half of UK employees, however, would still value financial support from their employer.
Financial wellness programmes
A financial wellness programme is more than just giving your employees access to a few products in a portal. You need to invest in educating your staff so that they can start to deal with their financial stress.
As part of your programme, you need to deliver tools that allow your employees to…
1. Understand their income and ‘real’ expenditure
2. Help figure out what goals they have and when they want to achieve them
3. Get a manageable financial plan that they can actually stick to
And finally, one for you, the business. Make sure all these things are in one simple and accessible place.