Building employee financial wellness

Don’t let money worries impact your most valuable asset

Employees who are stressed about their finances are both less productive and in worse financial shape than other employees. Some of the differences include:

• Five times more likely to be distracted by their finances at work,
• Twice as likely to spend three hours or more at work dealing with financial matters,
• Twice as likely to miss work on account of their personal financial issues,
• More inclined to cite health issues caused by financial stress.

Be an employer of choice by promoting financial wellness

The workplace offers a great opportunity to assist people with their financial wellness since:

• Employers already provide financial support via salaries and superannuation.
• Employees trust employers more than external financial services providers.
• Reducing financial worries amongst employees could raise staff morale (and performance), increase trust between employers and employees and improve retention levels.