Financial Wellbeing
Saving & Borrowing In HarmonyThe Workplace Savings Scheme From Wave Community Bank
Did you know that financial stress has a huge impact on your staff?
Financial stress costs the UK economy £121 billion and 18 million working hours in time off work each year.
One in four workers say they have lost sleep over money worries, with poor sleep contributing to reduced concentration and quality of performance.
70% of the workforce spend a fifth of their working hours worrying about money.
Higher levels of financial stress can also result in higher absenteeism – a study found that in Europe, 6.2 work days a year were lost to absence in a group with high financial stress, compared with 3.8 work days a year in a low financial stress group.
(Source: Financial Wellbeing in the Workplace by FAWG of HM Treasury & FCA)
70% of the workforce spend a fifth of their working hours worrying about money.
Higher levels of financial stress can also result in higher absenteeism – a study found that in Europe, 6.2 work days a year were lost to absence in a group with high financial stress, compared with 3.8 work days a year in a low financial stress group.
(Source: Financial Wellbeing in the Workplace by FAWG of HM Treasury & FCA)
Financial Wellbeing in the Workplace
The Essential Guide for Employers
What are the practical ways that employers can help to transform financial wellbeing in the UK?
This practical guide from the Money and Pensions Service sets out seven simple steps to help you support the financial wellbeing of your workforce.
Wherever you are in the journey, from just starting out to having concrete plans in motion, this guide will provide you with practical guidance, support and assistance to help you make the right choices for you and your employees.
This practical guide from the Money and Pensions Service sets out seven simple steps to help you support the financial wellbeing of your workforce.
Wherever you are in the journey, from just starting out to having concrete plans in motion, this guide will provide you with practical guidance, support and assistance to help you make the right choices for you and your employees.
Report on Wellbeing in the Workplace
Read the report prepared by the Financial Advice Working Group for HM Treasury and the Financial Conduct Authority here to see the cost of financial stress in the workplace.
Download the report here.
Download the report here.
MoneyHelper
Money advice from the Money & Pensions Service
Members Blog
Written by our members to help you Survive the Cost of Living Crisis
Money Guide
Download the Wave Money Guide with budget sheets.
Moneyworks
Helping residents in Brighton & Hove to manage money
