Mental Health strategy | How to simplify financial wellbeing

By Tracey Ward, Head of Business Development & Marketing at Generali UK Employee Benefits

Half (50%) of HR attendees at our recent webinar with Close Brothers Asset Management, said that financial wellbeing does not form part of their wider wellbeing strategy.

Yet somewhat contradictory, nearly all (88%) said that financial wellbeing had moved up their organisation’s priority list over the last 12 months. So, what is the sticking point?

The one thing that everyone seems to agree on now is that financial and mental health are intrinsically linked. Money is a major source of stress for many, with one in five employees (21%) reporting they worry about finances at least once per day. And over two in five (42%) saying they have lost sleep due to money worries.¹