Wbg’s Post

The financial strain on employees is more real than ever! While employers seek the perfect solution to support their employees financially, there are many influencing factors and questions left unanswered when it comes to the role of EAPs and financial wellbeing providers. 🎯 The bottom line? Both #EAPs and #FinancialWellbeing providers serve a critical role in empowering employees on their journey to financial freedom. Our latest blog breaks down what both of these are, and what you should expect from each of them. Click here to read it: https://lnkd.in/dnv3Sgcg #financialwellbeing #EAP #employeebenefits #mentalhealth #financialstress #employeeengagement #worklifebalance Maji Financial Wellbeing Sahil Sethi Megan Worthing-Davies Richard Stovell

🚨 New Statistics Reveal Alarming Financial Stress Among UK Employees 🚨 A recent national survey by Lifetime, a financial wellbeing specialist, and FCA-regulated company, has uncovered significant financial stress among UK workers. 📊 🛌 Nearly 40% of employees are losing sleep over financial worries. 💬 70% feel uncomfortable discussing their finances. Key Considerations: ➡️Financial anxiety is rampant, affecting nearly 70% of employees. ➡️Financial stress leads to sleepless nights, reduced focus, and lower productivity. ➡️Financial stress outside work leads to reduced productivity & increased absenteeism at work, which affects overall company performance. Full Story: https://bit.ly/4fJKLq6 With 1.6 million mortgage deals expiring in 2024, the financial pressure is set to rise, this serves a great reminder to invest in the wellbeing of your staff. At Legal Island, our all staff eLearning courses can help. For example, our Employee Wellbeing Toolkit and stand alone course on Managing Stress. You can find all related eLearning and information on how to access a free demo here: https://bit.ly/3WPrvP4 https://bit.ly/4fJ4aaB

82% of employees look to employers for support with personal finances. Some employers are responding by offering financial wellness platforms, student loan repayment programs, and family planning benefits. These offerings, combined with other resources, create a more holistic benefits package that helps employees meet their financial goals and boosts overall engagement, satisfaction, and productivity. #EmployeeBenefits #FinancialWellness #Wellbeing https://lnkd.in/eWGf6JWv

82% of employees look to employers for support with personal finances. Some employers are responding by offering financial wellness platforms, student loan repayment programs, and family planning benefits. These offerings, combined with other resources, create a more holistic benefits package that helps employees meet their financial goals and boosts overall engagement, satisfaction, and productivity. #EmployeeBenefits #FinancialWellness #Wellbeing https://lnkd.in/g5bnzXMi

82% of employees look to employers for support with personal finances. Some employers are responding by offering financial wellness platforms, student loan repayment programs, and family planning benefits. These offerings, combined with other resources, create a more holistic benefits package that helps employees meet their financial goals and boosts overall engagement, satisfaction, and productivity. #EmployeeBenefits #FinancialWellness #Wellbeing https://lnkd.in/giWdeQp3

Money worries and poor mental wellbeing often go hand in hand 🤝. Despite this, many people across the UK generally struggle to talk openly about money. According to YouGov, only one in five people feel comfortable talking about financial worries with their employer and a quarter say that their workplace doesn’t do enough to explain the financial support on offer. As a way to improve and support the financial resilience of employees, organisations should aim to: 🗣 Encourage open conversations around financial concerns. 👨🏫 Organise workshops that focus on budgeting and managing debt to help employees make informed decisions. 📞 Provide access to an Employee Assistance Programme (EAP) where they will receive expert guidance around their financial concerns. Find out more: https://bit.ly/3SmGVcZ #FinancialPlanning #WellbeingSupport

To what extent should employers support their employees with financial awareness? A recent national survey conducted by Lifetime – a financial wellbeing specialist and FCA-regulated company – has found nearly 40% of UK workers are experiencing sleepless nights due to financial concerns, with a significant number avoiding discussions about their personal finances altogether. https://bit.ly/4fLQjjJ #FinancialAwarenessDay #FinancialLiteracy #FinancialWellbeing #Wellbeing #CostOfLiving

82% of employees look to employers for support with personal finances. Some employers are responding by offering financial wellness platforms, student loan repayment programs, and family planning benefits. These offerings, combined with other resources, create a more holistic benefits package that helps employees meet their financial goals and boosts overall engagement, satisfaction, and productivity. #EmployeeBenefits #FinancialWellness #Wellbeing https://lnkd.in/gaf246F2

82% of employees look to employers for support with personal finances. Some employers are responding by offering financial wellness platforms, student loan repayment programs, and family planning benefits. These offerings, combined with other resources, create a more holistic benefits package that helps employees meet their financial goals and boosts overall engagement, satisfaction, and productivity. #EmployeeBenefits #FinancialWellness #Wellbeing https://lnkd.in/gW5crqev