The Workplace Today
UK employees are each spending an average of three-and-a-half days per year on personal finance tasks while at work. But, as Claro Wellbeing’s nationally-representative survey of more than 1,300 employees reveals, the true cost of poor financial health is potentially much greater.
- Over a third of working adults (37%) say they struggle, fall behind or cannot keep up with bills. Almost one in three of this group (30%) earn more than £150,000 a year.
- Almost half (49%) have saved less than a month’s outgoings. Some 16% have no buffer at all and live paycheck to paycheck, while 15% would run out of money within two weeks.
- More than two-thirds (67%) say financial stress affects their work.
- The average employee spends an average of 3.5 working days a year managing finances while at work.
- One in two (55%) employees do not think their company cares about their financial wellbeing.
- 69% of employees feel their company should do more to support their personal finances.
- 78% said a financial wellbeing programme could keep them in their job longer.
In partnership with Claro Wellbeing
A financial wellbeing benefit to support your team where it matters most