Over 10,000 employees across 25 sectors formulated The Employer's Guide to Financial Wellbeing. The research, from Salary Finance, was designed to better understand how personal money matters affect people’s day-to-day lives and their performance at work.
The guide analyses the deep and varied impact of personal money worries and the cost to employers caused by a workforce suffering from low financial wellbeing.
The report discusses:
How financial worries affect stress and mental health
The impact this has on people’s performance at work
The impact of financial wellbeing on attrition, and the hard cost for employers
The financial wellbeing benefits employees would most like from their employers
The relationship between financial wellbeing and salary
Some key findings:
40% of employees have money worries
Those with financial worries are 8.8 times more likely to have sleepless nights
Those with financial worries are 4.9 times more likely to be depressed
About Salary Finance
At Salary Finance, we understand the impact finances have on our health, our happiness, our home life, and our work life.
By partnering with employers, we offer a benefit that helps employees improve their lives, by improving their finances. We do this by helping people save each month, offering loans people can actually afford to pay back, and creating simple tools for people to manage their money.