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.
Employers need to be focused on helping their employees when it comes to financial wellbeing and stability.
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. Yet can you create a stable environment where staff are fully engaged in a period of time where we are all suffering in no small part from a cost of living crisis?
Yes, you can.
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
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.
