The DNA of Financial Wellbeing – the largest research of its kind
Money worries is the #1 concern for UK employees and it’s costing employers billions.
We asked 11,000 employees and 720 employers what financial wellbeing means to them. After four years’ of research, we can see a shift from 'should we implement a financial wellbeing strategy?" towards "how do we best do this?"
This year’s research identifies how employers can make this shift and begin to reap the rewards of a well-developed financial wellbeing programme.
- While having a financial wellbeing strategy has grown in popularity, across the UK, an estimated 20.3 million workers are still affected by money worries. We examine what organisations should consider providing to meet the needs of a multi-generational workforce - including high earners and those nearing retirement.
- How addressing poor financial wellbeing can help employers achieve their key priorities and reduce an estimated £15.2 billion per year in costs due to absenteeism, reduced productivity and staff turnover costs.
- Practical steps employers can take to implement an effective financial wellbeing programme and incorporate them into their existing strategy to deliver tangible benefits.