This informal CPD article, ‘Financial Wellbeing: Why it should be top of the agenda for employers’, was provided by Money First Aid training, who provide participants with the necessary knowledge and skills to assist their colleagues in overcoming financial difficulties, while also helping create a supportive and understanding work environment.
In the ever-changing landscape of employee benefits, the focus has shifted beyond traditional offerings like healthcare and retirement plans. Employers are increasingly recognising the importance of addressing the overall wellbeing of their workforce. This includes the physical, mental and now financial wellbeing of their teams. Financial wellbeing was less of a priority for many organisations until the COVID pandemic and cost of living crisis forced this to be moved up the agenda for both employers and employees. PwC Financial Wellness survey1 found 57% said that finances were the top cause of stress in their lives.
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