Financial stress among staff is no longer a peripheral issue; it impacts employee wellbeing, performance and retention. Recent research from MoneyFit shows that 73% of employees who completed the MoneyFit quiz currently report feeling highly stressed or overwhelmed about their finances. This figure underscores what external research has repeatedly highlighted: at least three-quarters of UK workers say money worries are weighing on their mental health, focus and job performance.
From an HR and benefits perspective, the implications are clear. Financial anxiety erodes engagement, heightens absenteeism and creates distraction that pulls employees away from their role. With increased cost-of-living pressures and the upcoming November budget announcement fresh on everyone’s minds, many will be entering a phase of heightened uncertainty about pensions, tax, inflation and household budgets. These macro factors only amplify day-to-day financial stress for your workforce.
By proactively supporting employee financial wellbeing you are not only helping individuals but safeguarding organisational performance.
The MoneyFit platform offers an effective solution: Cost effective engaging financial literacy plus an optional cashback card enabling employees to save on everyday spend across over 80 retailers.
MoneyFit is now offering a free 14-day trial that gives full access to the MoneyFit Financial Wellbeing platform including:
- Unlimited MoneyFit Quiz completions and bespoke action plans
- 14 on-demand “Learn About Money” video classes
- Three interactive modelling tools to explore budget, debt and savings scenarios
- Real-time reports and dashboards on employee financial wellbeing
For HR and benefits leaders, now is the moment to integrate financial literacy and wellbeing into your total rewards strategy. With 73% of your people signalling high stress, the business case for action is substantial, and the offer from MoneyFit provides a low-risk way to start.
To receive your free 14-day trial, please complete the form via the link below:
https://us16.list-manage.com/survey?u=05707abc541f6f6dd78e4b661&id=89e8e44ad1&attribution=false
