Employee Financial Wellness
Most organisations whether Public or Private Sector, understand the importance of helping their staff to improve their overall financial wellness as they progress through their career. Equally important is helping employers to prepare for the changes which arise on retirement from the organisation or redundancy. This is why many employers across the UK look towards Planned Future for their workplace financial wellbeing and financial wellness support.
What is Financial Wellness?
Financial Wellbeing is feeling comfortable, secure and at ease with your finances. Its being able to understand and manage your finances not only in your day to day life, but for the future.
Why Support Employees Financial Wellness?
There is a mutual interest in helping employees financial wellness. The Financial Conduct Authority (FCA) in a 2017 report discussed how increasing an employees financial wellness can increase work morale, performance and increase trust between employee and employer. Its important to remember that with auto enrolment, many people will find the majority of their retirement income coming from their occupational pension. Something provided by their employer.