Financial Wellbeing
Unfortunately, financial problems are common – the Financial Conduct Authority (FCA) recently highlighted that two-fifths of employees are struggling financially1, in part due to the added pressures of COVID-19 on personal finances.
Financial concerns can have a big impact on your employees’ mental wellbeing – causing stress, anxiety and depression – and if employees are worrying about how they’re going to pay for bills, food, or petrol, it’s likely that they’ll be distracted, demotivated and less focused at work.
Key advantages of supporting Financial Wellbeing in the workplace:
Helping employees understand and manage their finances is good for business
- Helps to reduce absenteeism and presenteeism
- Increases productivity
- Reduces finance-related mental health problems
- Supports employees’ ability to retire
- Builds workforce resilience
Expert support in improving employees’ financial wellbeing
Aon can provide expert consultancy and support on ways to improve the financial wellbeing of your workforce. But we recognise there is no one-size-fits-all approach. Every business has different employee demographics and goals, so we will provide strategic direction, communications support and the relevant tools to help you and your employee’s reach your objectives.
Where to start
- Use our quick and simple calculator to see the financial resilience of your workforce. This can give you an instant indication of your employees’ financial health and help build the business case for action. Try it now.
- Conduct a financial wellbeing gap analysis. Complete our questionnaire on your current situation and we can provide a gap analysis, identifying areas for improvement and provide recommendations of actions to take to help improve the overall financial wellbeing of your workforce. Complete now.
We can help you with:
Latest research
1https://www.fca.org.uk/publication/research/financial-lives-survey-2020.pdf
Aon UK Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales. Registered number: 00210725. Registered Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN.