HRLife Ltd’s Post

💰 A recent survey has found that nearly 40% of UK workers are losing sleep over financial worries, and 70% feel uneasy discussing their finances. The good news? Over 80% of employees want financial wellbeing benefits from their employers! 📈 Investing in financial education can empower your team, reducing stress and fostering a healthier workplace. Have you considered offering financial training to support your workforce? #FinancialWellbeing #EmployeeSupport #WorkplaceWellbeing

A Bankrate survey found that 60% of respondents reported their income hadn’t kept pace with rising living costs through 2023. 📊 Finances are one of the top contributors to employee stress. And, in turn, this stress follows them into the workplace, affecting their wellbeing and their performance. So, what can employers do to help alleviate money anxiety at work? Here are just a few ideas: - Financial education workshops - Expert financial counseling - Flexible Spending Accounts Dig into all 8️⃣ ways a wellness program can help employers address their employees’ financial wellbeing in the blog: https://hubs.ly/Q02ybpFG0 #financialwellbeing #mentalhealthawarenessmonth #moneyanxiety #wellnessatwork

💼 Attention Employers: Your employees are carrying financial stress with them to work! 💸 57% report being distracted by finances at work 47% say financial stress affects their health Invest in their financial wellness and see the difference it makes in your workplace. 📅 Register for our October 16 workshop at https://buff.ly/47UfOvP #EmployerTips #FinancialHealth #InvestInYourTeam

Recent statistics show that financial stress costs UK businesses a staggering £1.56 billion per year in lost productivity. Results from the survey conducted by Champion Health indicate that 46% of employees face difficulties due to their financial worries, which affect their job performance. This can lead to increased absenteeism, reduced engagement, and higher turnover rates. On the other hand, employees who feel financially secure are more likely to be satisfied with their jobs. Research demonstrates that 72% of workers with good financial wellbeing are satisfied with their employment, compared to only 37% of those with poor financial health. This translates into a more motivated, loyal, and productive workforce. The benefits of supporting employee financial wellbeing extend far beyond just the individual. Businesses that prioritise this area can expect to see a significant return on their investment, including: 💠Reduced absenteeism 💠Improved productivity and performance 💠Enhanced talent attraction and retention 💠Stronger organisational culture and morale As part of our commitment to financial wellbeing, we've created a financial wellbeing whitepaper to help you communicate and implement your financial wellbeing strategy. We're here to support you every step of the way on your journey towards a financially empowered workforce. Click here to download your copy and learn more: https://ow.ly/9O1750RFEF7 #financialwellbeing #thomascarroll #mentalhealthawarenessweek source: championhealth.co.uk

Financial stress impacting 40% of workers! 🔥 #Lifetime – a financial wellbeing specialist and FCA regulated company – has found that nearly 40% of UK workers are experiencing sleepless nights due to financial concerns, with a significant number avoiding discussions about their personal finances altogether. 😟 Surveying 1,000 people nationally, over 80% of employees surveyed expressed a desire for a financial wellbeing benefit from their employers. 👩💼 Key Findings: 💲 Financial anxiety: 70% of employees report feeling uncomfortable discussing their finances, with many indicating that financial stress is a major source of anxiety in their lives. 💲 Impact on wellbeing: 40% of employees admit that financial worries are keeping them up at night, leading to fatigue, reduced focus, and decreased productivity at work. 💲 Demand for support: 80% of employees expressed a strong desire for financial education and wellbeing benefits provided by their employers. What is your business doing to support employees with financial stress? comment below 👇 [email protected] www.pliorecruit.co.uk #manufacturing #construction #mmc #operations #commercial #sales #engineering #technology #executivesearch #stem #technical #jobs #careers Rotherham Investment & Development Office Barnsley & Rotherham Chamber of Commerce Enterprising Barnsley NatWest Business FreeAgent

To what extent should employers support their employees with financial awareness? A recent national survey conducted by Lifetime – a financial wellbeing specialist and FCA-regulated company – has found nearly 40% of UK workers are experiencing sleepless nights due to financial concerns, with a significant number avoiding discussions about their personal finances altogether. https://bit.ly/4fLQjjJ #FinancialAwarenessDay #FinancialLiteracy #FinancialWellbeing #Wellbeing #CostOfLiving

Over 25% of employees say they don’t even have enough savings to cover a month’s expenses. That stress doesn’t just stay at home—it comes to work with them. Stress = 💻 Lower productivity 📅 More sick days 🏃♀️ High staff turnover But here’s the good news: businesses that focus on financial wellness report a 3:1 ROI. So, is financial education just a ‘nice-to-have’? Or is it the missing piece in your workplace support? Let’s talk about how you can make real changes. #WorkplaceSupport #FinancialFreedom #ADHDFriendlyFinance

🚨 New Statistics Reveal Alarming Financial Stress Among UK Employees 🚨 A recent national survey by Lifetime, a financial wellbeing specialist, and FCA-regulated company, has uncovered significant financial stress among UK workers. 📊 🛌 Nearly 40% of employees are losing sleep over financial worries. 💬 70% feel uncomfortable discussing their finances. Key Considerations: ➡️Financial anxiety is rampant, affecting nearly 70% of employees. ➡️Financial stress leads to sleepless nights, reduced focus, and lower productivity. ➡️Financial stress outside work leads to reduced productivity & increased absenteeism at work, which affects overall company performance. Full Story: https://bit.ly/4fJKLq6 With 1.6 million mortgage deals expiring in 2024, the financial pressure is set to rise, this serves a great reminder to invest in the wellbeing of your staff. At Legal Island, our all staff eLearning courses can help. For example, our Employee Wellbeing Toolkit and stand alone course on Managing Stress. You can find all related eLearning and information on how to access a free demo here: https://bit.ly/3WPrvP4 https://bit.ly/4fJ4aaB

The productivity of over 8 million UK employees has taken a hit due to financial worries🫣 This stat comes as no surprise as the high cost of living still continues to impact us all on a daily basis... This shows the real impact finances can have on: 💰Our mental health 💰Workplace productivity 💰Workplace efficiency Employers, as the cost of living crisis continues to impact your employees every single day, it's important that you are taking the necessary steps to support them during these financially tough times🫱🏽🫲🏼 This can be done through the use of: 🌟 Financial wellness programmes 🌟 Financial planning support 🌟 Flexible payment options 🌟 Creating safe spaces for your employees to discuss their worries Want me to deliver a personal finance talk or host financial wellbeing 1:1 sessions at your place of work to help financially empower your employees? Then please feel free to get in touch 📨 I'm currently taking bookings for September onwards ✍🏾

Our new research has found that financial advice as a workplace benefit is still way down the priority list for many companies. Many organisations do not view financial advice as an important workplace benefit, despite employees ranking financial advice third in their list of workplace benefits that would most positively impact their financial wellbeing. At a time when money worries have increased for many of your employees, discover more of our findings in our new 'Financial Advice in UK Workplaces' report and explore how offering financial advice as a workplace benefit could positively impact your employees' financial wellbeing: https://lnkd.in/g9msjCjY #FinancialEducation #FinancialWellbeing #Research