Financial wellbeing is now, more than ever before, a crucial part of a holistic approach to employee wellbeing.
There is a pressing need for every organisation to engage with employees to review and develop existing and new benefits; and for smaller organisations in particular to signpost employees to external services and products. Many organisations are also missing the opportunity to use their reward packages to promote their overall workplace wellbeing programmes.
This guide, aimed at all people managers in every employment sector, aims to dispel the myth that financial wellbeing is an issue just for lower paid staff. Life events such as divorce/separation, bereavement, illness, job loss, gambling and other forms of addiction can affect anyone.
The guide, which will be subject to ongoing review and the inclusion of case studies as the effects on employment of the pandemic become clearer, can be used by organisations of any size and at any stage of their financial wellbeing journey. It has been developed by members of the National Forum for Health and Wellbeing at Work, chaired by Professor Sir Cary Cooper.
The National Forum’s work to date has explored the role of line managers, emails and other technologies on employee health and wellbeing, as well as empathy and compassion in the workplace and the future role of millennials.