Why financial wellbeing?
Money can be a significant source of anxiety. If your employees are experiencing financial stress, this will impact their work. They lose motivation, are less productive, and find it hard to focus or make decisions. They’re also more likely to look for a new job.
Supporting their financial wellbeing through workplace initiatives can help your employees become more confident about their financial outcomes and be less distracted at work.
When employees experience financial wellbeing, they:
Are in control of their finances
Feel secure and less anxious
Have the capacity to deal with financial shock
Are on track to meet their financial goals
Have the freedom to live a life they enjoy
Why it’s important for your business
of New Zealanders are financially stressed
of employees believe their financial wellbeing influences their overall wellbeing
(Financial Services Council – “Money & You Report”)
hours are lost to dealing with financial issues each month
of employers report ‘financial illness’ drives absenteeism
is the cost of absenteeism to the NZ economy
(Southern Cross Workplace Wellness report 2021)
Think big? Get help from our financial coaches today!
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The latest news, ideas, and insights to help you make the most of your finances.