Financial wellbeing means stepping beyond pensions
Darren Laverty, Partner at Secondsight, has written a blog post in Pensions Expert discussing what makes a successful financial wellbeing strategy.
It is fair to say employers have been thinking about financial wellbeing for years – even before auto-enrolment most offered a workplace pension, and perhaps some other monetary protection benefits, such as life assurance or income protection.
But for many employees, this feeling that they are supported in their financial wellness is at best forgotten, and all too often invisible, soon after the initial orientation into their new job.
Your employee’s financial health has a huge impact on them, and in the long term poor financial health is likely to impact on your business. So, it makes perfect sense to support employees with their financial wellbeing.
It has been well documented that there is a link between financial health and mental wellbeing, productivity, and absenteeism and presenteeism rates. Workplace financial wellbeing therefore needs to evolve.
Read the full article here.