Inflation | Why you should think long-term when building your financial wellbeing strategy

As we head into 2022, dubbed the ‘year of the squeeze’ by a leading thinktank¹, UK households face increases to the cost of living, rising mortgage rates and inflation, and an estimated 6 million households are expected to struggle with skyrocketing energy bills².

That’s why every organisation needs a financial wellbeing strategy, now more than ever. People are inevitably struggling with post-pandemic debt and other money worries, and the stress has a direct impact on attendance, engagement and performance (absenteeism and presenteeism) at work.

A recent survey reports that up to 4% of payroll is being lost to employee stress and absence due to financial concerns³. Employees with stress buckets that are full are simply not equipped for their day at work, and that will affect your organisation’s profitability.

Why is an inclusive, long-term strategy is so important?