Why build a culture of financial wellbeing?

Creating a culture of financial well-being is no longer a luxury, it's a necessity. A workplace where employees feel supported in their financial lives leads to greater engagement, productivity, and loyalty.

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Steps to foster financial wellbeing

· Lead by example, senior leadership should actively participate in financial well-being programs

· Provide access to financial education through workshops and digital tools

· Offer personalised financial coaching to address individual needs

· Regularly measure and report on employee financial well-being outcomes

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Research insight

According to the Financial Wellbeing Index, companies with structured financial well-being programs see 22% higher employee retention and 17% lower absenteeism.

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Building an inclusive strategy

Businesses should design financial wellbeing programs that cater to diverse employee needs, including:

· Multi-language resources

· Flexible support channels

· Targeted workshops for different life stages

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Common Questions:

· How can financial well-being impact company performance?

· What tools can businesses use to measure financial well-being?

· What are the key components of a financial well-being strategy?

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Book a Demo to discover how Thrive can help you create a culture of financial wellbeing.

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