Video tutorial: Monica Kalia of Neyber on kickstarting financial wellbeing strategies

She told delegates at the REBA Employee Wellbeing Congress 2019 that it was now acknowledged that financial stress “is a thing”, with research showing that people are failing to leave money worries at home. ”They bring the problems into the workplace and it has an impact in terms of engagement, absenteeism and presenteeism and that’s why organisations are keen to do something about it.”

But she admitted that companies can find it hard to get going to with a financial wellbeing strategy. She said that organisations needed to consider a number of things for success, including looking at what they were already doing - which is likely to be more than they expect - as well as looking at data that the company had on take-up of existing support. “It is a journey not a short-term tickbox. It needs a longer-term strategic approach,” she said.

Kalia outlined how Neyber had worked with four companies, including Anglian Water, Defra Group, London City Airport and The Co-Operative Group on rolling out financial wellbeing in their organisations.

This video was recorded at the REBA Employee Wellbeing Congress 2019, held in London on 20 June.