Download your free copy of our guide: The Employer's Guide to Financial Wellbeing
Everything you need to know to support your workforce’s financial health – beyond salary.
Is employee financial wellbeing on your agenda?
Financial concerns have been found to have a huge impact on the way we work, with an estimated 1 in 5 employees considering taking time off work due to financial stress.
Explore the steps to better financial health within our free guide.
- Financial wellbeing and your workplace
- How to open the conversation around money
- Building a workplace financial wellbeing plan
- Debt advice from StepChange
- Q&A with Emma Waller
Download our “Employer's Guide to Financial Wellbeing”
Download our “Employer's Guide to Financial Wellbeing”
Submit your details to receive your FREE copy of our Employer’s Guide to Financial Wellbeing.
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Call us on
0800 011 2222Financial wellbeing is now one of the most influential, yet least discussed factors affecting employee wellbeing and performance. Despite growing awareness, 81% of people in the UK avoid talking about personal finances, and many find money harder to discuss than mental health or fertility.
Why Financial Wellbeing Matters in the Workplace
With the ongoing cost of living crisis placing sustained pressure on household budgets, employers are increasingly recognising that financial stress doesn’t stay at home – it follows employees into the workplace, impacting concentration, productivity and mental health.
For employers, the consequences are significant:
- 1 in 5 employees have considered taking time off due to financial stress
- Around 8 million employees report reduced productivity linked to cost of living pressures
- Financial stress is estimated to cost the UK economy £10.3 billion per year
- Employees with problem debt are three times more likely to experience suicidal thoughts
Over half of employees experiencing financial stress report a negative impact on their work, including lost sleep, reduced focus and difficulty managing workloads.
While financial wellbeing remains a personal responsibility, the guide highlights clear, low-cost ways employers can create supportive environments, without crossing personal boundaries.
Building a Workplace Financial Wellbeing Strategy
Financial wellbeing works best when embedded into your wider wellbeing approach, alongside mental health, physical health and flexible working. The guide outlines several practical areas where employers can make a meaningful difference including budgeting and saving, managing debt and retirement & long-term planning.
The guide stresses the importance of psychological safety, where employees feel safe to raise concerns without fear of judgement or repercussions. In practice, this includes:
- Encouraging open, respectful conversations about financial stress
- Providing transparency around pay, benefits and cost-of-living support
- Making financial resources available confidentially
- Appointing cost-of-living or wellbeing champions
While employers cannot solve every financial challenge, they can provide knowledge, resources, support pathways and a culture that removes stigma, enabling employees to feel more secure and supported.
