Financial Wellbeing Programs: A Powerful Tool—If Employees Actually Use Them
With 51% of stress in the UK stemming from financial issues, there’s a compelling case for employers to take employee financial health seriously.
Many already are, offering:
💷 Financial coaching
💷 Financial workshops
💷 Financial planning tools
But here’s the question: are these programs actually making an impact?
I recently spoke with Jamie Humphrey, Founder of ReechUs, who shares my passion for transforming employee wellbeing.
Jamie has a knack for unpacking the real costs of ineffective wellbeing initiatives.
Take, for example, the case of an average law firm in 2024, with just 50 employees:
£138k lost to absence
£159k lost to presenteeism
£423k lost to staff turnover
That’s £720k a year, gone.
The culprit? A fragmented approach to wellbeing, reliant on:
Ignored employee assistance programs (EAPs)
Sporadic yoga sessions
Unused gym memberships
Reactive private medical insurance
Sound familiar?
Many financial wellbeing programs suffer the same fate.
The solution lies in a holistic, personalised, and proactive strategy—one that resonates with employees and fosters real engagement.
The potential savings? Game-changing.
Are you ready to level up your employee support? Let’s chat.
In the meantime, listen here for insights and actionable tips.
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