Financial wellbeing is now considered to be just as important as other aspects of wellbeing such as fitness and nutrition. It can often be overlooked. It is often not spoken about, due to outdated beliefs that talking about money and personal finance is taboo. But in 2021? More and more conversations are being started about the impact that money (money worries in particular) can have on our lives. So is financial planning a great employee benefit? It’s a resounding yes.
Money worries can place individuals under huge amounts of personal stress. This can affect their wellbeing at work too. Financial stress is cited as one of the key reasons of anxiety and depression. But what if you could help your employees to alleviate that?
Financial planning benefits employees and employers. When money is not a worry, employees are more likely to be more fulfilled at work. They are less likely to be worried about bills, retirement, and paying for their next holiday. Instead, they will be focused, without the distraction of financial anxiety. In a nutshell, employees are more likely to be happy and healthy when their money worries are taken care of.