Financial Wellness - For your employees, delivered by experts, straight to their pocket.
Financial wellness refers to the “overall financial health of an individual” and is sometimes used interchangeably with financial well-being.
Employee financial wellness programs (FWPs) are work-placed programs that both “access and support” the financial wellness of employees.
More than half (55%) of employees say that their workplace offers nothing to improve employee financial wellbeing.
Employers also woefully underestimate the impact of money worries on employees at work. Just 30% think this is a major issue when in reality it affects 77% of employees.
A significant amount of employers are taking steps to address the issue of employee financial wellbeing. Around half of businesses (48%) do not have a financial wellbeing strategy, however, 27% plan to implement one within the next three years.
Financial Wellbeing Index 2019