'Listen to your employees' | 2 in 3 firms have NO financial wellbeing support for staff

Two-thirds of organisations have yet to implement formal employee financial wellbeing strategies, new research has revealed.

Among the many changes and lessons from the COVID pandemic is the renewed focus on and better understanding of the importance of employee wellbeing as being mission-critical for many organisations. Mental, physical and social wellbeing were a primary concern during that period.

And now, with the unfolding cost of living crisis, and significant parts of all organisations’ workforces already being impacted, the time for a renewed focus on better supporting employee’s financial wellbeing can never have been greater.

However, a significant study by Mercer has revealed that despite existing research and analysis into the interconnections between financial wellbeing and mental, physical and social wellbeing, many organisations are only now really focusing on developing better defined financial wellbeing programmes for their employees.