Support | How HR can help staff with 2020 financial challenges

How HR can help staff with 2020 financial challenges

Concerns over money and making a paycheque last an entire month is something many employees face, however, these worries have been heightened during the current pandemic as news of business closures and job losses remain a permanent fixture in the headlines. Statistics shared by the Office for National Statistics (ONS) support this as recent figures indicated that more than six million Brits are concerned about their jobs and more than five million are worried about their household finances as a result of coronavirus. Elsewhere, two in five UK workers reported increased financial anxiety in the wake of coronavirus, according to the new Changing Trends of Financial Wellbeing report from Close Brothers. However, before COVID-19 hit, last year alone money worries cost the UK economy...

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