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Financial wellbeing goes hand in hand with stability

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Financial wellbeing goes hand in hand with stability

Lifetime news

Posted on: 04/12/2023

Financial wellbeing goes hand in hand with stability.

And both are crucial when it comes to the workplace.

They go a long, long way to helping people do their best work. They bring peace of mind, can boost confidence, and can propel productivity.

Good leadership – and the determination and clear sightedness to put an employee’s wellbeing at the forefront of company policy – is more important than ever.

Creating stability may be a challenge, but it is a challenge worth taking on, and winning! Both for employer and employee. The impact of such a victory is huge!

There are clear benefits to workplace stability:

  • Better productivity performance
  • Reliable attendance levels and a clear recognition of a great working environment
  • Retention of your very best employees
  • Career development and progression
  • ROI in employees
  • Profitability and growth
  • Customer satisfaction

How you get stability for your business and your staff:

  • Good, honest communication
  • Share the action plan
  • Lead from the front, with optimism and openness
  • Emphasise your company values
  • Make sure all your employees feel valued – and have a sense of purpose
  • Provide the right resources to succeed

And included in those RESOURCES should be the opportunity for staff to receive a financial wellbeing programme which enables them to understand their finances – be confident knowing what their money can and can’t do for them – and have a plan in place so that they can make good financial decisions, today, tomorrow and in the future.

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