How family-friendly benefits can support employees with carer roles
It's no secret that when people have control over their money, they’re more likely to feel more secure and experience a feeling of wellbeing, especially if they have dependents.
Nudge’s global financial wellbeing report found that 55% of people worldwide have the most basic money aspirations - they want simply to have enough to pay their bills. This figure underpins the widespread lack of control that many feel about money. In fact, 70% of people globally feel anxious about their financial situation.
To achieve financial wellbeing for all, those in caregiving roles should also be considered. Caring touches everyone in their lifetime, whether they become carers or need care themselves. While caring can be rewarding, it can also have a huge impact on a person’s health, finances and relationships.
Many unpaid carers may not think of themselves as having caring responsibilities and are unlikely to know what support is on offer. So, what are the benefits and support available?
The power to change lives
Organisations can ensure employees in care roles have the tools and information they need to make the most of their extra responsibilities by putting financial education at the heart of a financial health programme.
Employees want to have the power and the knowledge to take control of their finances in times of need. Employers are in a unique position to provide the kind of financial education that can change their employees and loved ones’ lives.
Important for families
Impartial financial education can empower employees to make sound decisions with money and contribute to their holistic health – with positive results for their whole family. Financial education is a benefit that is relevant to people at all income levels and whether they have a caring role or not.
With this type of insight employers can respond accordingly, making data-driven decisions to include new and relevant information on topics such as carer benefits, or financial education for mums, grandparents or children.
Once you launch a financial education strategy, employers can view engagement data to understand the true wants, needs and interests of their employees. This type of insight allows employers to respond accordingly, with data-driven decisions.
Foundation of a brighter future
A financial wellness programme is the future of employee benefits, particularly for employees whose work doesn’t stop when they leave the office, and they’ll feel more included and connected to their employers.
In partnership with Nudge
A leading financial wellbeing benefit using behavioural science & technology to help employees.