Video: REBA New Year Lectures: Break the taboo around financial wellness or risk losing staff

Employers must break the taboo surrounding financial wellness amongst their employees if they are to avoid losing them, according to Monica Kalia, founder of Neyber.

View the SMF, Neyber and Financial Inclusion Commission presentation in full, above.

Speaking at the REBA New Year Lectures 2016 in a joint session alongside Emran Mian, director of SMF, and Chris Pond, vice chair of the Financial Inclusion Commission, the trio discussed the impact of financial wellness on the workplace and pointed out the financial stresses and embarrassment an employee can have, as well as their reluctance to share the financial situation with their employers when they get into trouble.

Kalia said this was twisted logic however. “As employees we have the strongest financial relationship with our employer. They have our whole financial future in our hands,” she said. Citing a friend of hers who had got himself into debt but preferred the option of looking for a new job rather than admit the position he’d got himself into with his employer she said his company would probably lose him as a result.

“Just like mental health has now become accepted there is a need to push past the taboo. All of us as employers need our employees to be physically, mentally and financially well – ready to achieve their potential and ready to stop them looking for another job,” she said.

This video was filmed at the REBA New Year Lectures 2016. Read more about the REBA New Year Lectures 2016