Employee Wellbeing Research 2018: Financial wellbeing programmes set for huge growth this year
The Employee Wellbeing Research 2018 published by Reward & Employee Benefits Association (REBA) in association with Punter Southall Health & Protection, showed that more than half (52%) of employers currently include financial wellness within their wellbeing strategy and nearly a third (31%) plan to add it this year. If that were to happen we would see a 76.6% growth in financial wellbeing porgrammes over 2018.
A further 10% said they planned to introduce financial wellbeing at some point. Only 7% said that they had no plans to introduce such a strategy.
“Financial concerns have been proven to have a huge impact on employees. affecting mental health and productivity if staff are worrying about money,” said Debi O’Donovan, director at the Reward & Employee Benefits Association (REBA).
“The number of those addressing financial wellness has already grown – up from 47% last year and the projected further growth this year is hugely encouraging as employers realise the true impact money stresses can have on their staff,” she said.
“As a result we are seeing increasing numbers of employers looking to offer support in this area – with access to financial advice a particularly valuable strategy,” she said.
In partnership with Punter Southall Health and Protection
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