Employee experience | Financial & mental wellbeing: What can employers do to help?

Our latest research into the state of financial wellbeing of UK employees has resurfaced the strong link between mental health & financial wellbeing.

36% of UK employees are regularly worrying about money, but perhaps more surprising, people are worrying more about money than areas including their career (26%), health (24%) and relationships (19%). We also know that those that are worrying about money are over four times more likely to suffer from depression and/or anxiety.

Mental health stigma has been called ‘the last great taboo’ of our time. Businesses have achieved so much around mental health in the workplace and we are only now beginning to tackle financial wellbeing in the same way.

We know from our research that less than half the people we surveyed felt comfortable talking to anyone apart from their partner about money. Business in the Community’s Mental Health at Work 2019 report highlights that only 36% of UK employees would feel comfortable talking about financial problems at work. There is clearly a problem with stigma and openness in relation to money.