Financial wellbeing is now recognised as the number one employee workplace benefit in the UK.
Perhaps that’s not surprising, given the cost of living crisis and the soaring energy bills that has enveloped the country for the past 12 months or so.
It is a crucial workplace offering to have, as employees are conceding that money worries are affecting their mental health, and also their performance at work.
People are becoming more and more concerned about their current situation, and their financial future.
Over half of employees surveyed by Lifetime admitted to feeling stressed or worried about their current situation, and their financial future.
They are looking for help, guidance and support.
That’s why it is so important that employers take notice. And take action. It not only plays heavily into employee happiness, but also productivity, engagement, succession planning etc.
Caring employers are now implementing financial wellbeing programmes, such as Lifetime’s, to help their employees get to grips with all kinds of money issues, make plans for the future, and give them the confidence to take full control of their own financial situation.
And such services are being appreciated by bosses and workers alike.
Here is some of the feedback Lifetime’s financial wellbeing service has received from our employer partners, MSS, Galaxy Insulation and Dry Lining, NSG and Together Housing:
“With the cost of living crisis affecting us all, we wanted our colleagues to gain more understanding of their finances. Lifetime help with this with a personal financial plan for all colleagues, videos on many financial subjects and a quarterly webinar on important topics. It’s been a great fit for us to work with Lifetime.” – James at MSS.
“Working with Lifetime gives us peace of mind that we can offer our employees a benefit where they can access impartial and independent financial advice and support at any time.” – Jackie at Galaxy.
“Here at NSG, we knew that our employees were keen on some kind of financial wellbeing support, however what we didn’t predict is just how popular the service from Lifetime would be. The feedback we have received has been extremely positive and that is largely down to Lifetime delivering what they said they would – a very useful, high quality and accessible service that everyone can benefit from. Overall our launch has been really successful.” – Emma at NSG.
“Together Housing Group have been partnering with Lifetime since 2021. They have been very pro-active with educating our staff about how to improve their financial wellbeing by planning for their future.” Lesley at Together Housing.