In the UK, 35% of adults have either no savings or less than £1500 in savings and money worries are very much in the forefront of workers minds right now with the cost of living crisis. To help improve their staff’s financial wellbeing, East Sussex Healthcare NHS Trust are now offering WCB’s Chorus Workplace Savings Scheme to anyone working for the Trust.
The Chorus Workplace Savings Scheme gives staff the opportunity to save and repay loans with their local credit union straight from their wages simply and easily, helping people to manage their money and improve their financial resilience. Plus the first 50 employees of the Trust and who set up regular savings could get a £25 savings bonus.
The Chorus Workplace Savings Scheme is a great staff perk and by offering this scheme to their staff, East Sussex Healthcare NHS Trust are giving them an opportunity to save for the future easily, so they can build financial resilience to help them face whatever challenges life brings and survive the current cost of living crisis.
Ann Hickey, CEO of Wave Community Bank said:
‘Money worries can often impact on how people perform at work and a recent survey said 40% of people have reported making a mistake or losing concentration at work because of money worries. We are thrilled that the East Sussex Healthcare NHS Trust are joining our Chorus family of local employers. Chorus is an opportunity for NHS staff to save directly from their salary each month into their local credit union account. Many members who save with us this way, say that they don’t even notice the savings going out. The scheme makes saving and repaying loans with us effortless for our members.’
Wave Community Bank has Employer Partners offering the Chorus Workplace Savings Scheme across East Sussex and Kent. Find out more here.