It’s Global (Financial) Wellness Day on Friday June 6 and we thought we’d help you celebrate.
Sadly many celebrations suffer a financial hangover. Not ours – we’ve budgeted for it!
Financial wellbeing is one of the most important aspects of our overall wellbeing.
Reportedly 39% of our workforce spend two or more hours during the working week worrying about money. If money worries keep your people up at night, then it reflects in their work the very next day.
Money worries can range from distracting to debilitating. Financial stress reduces workplace productivity, increases absenteeism, and can magnify mental health issues.
Estimates have put the cost of a financially unwell workplace at between 13-17% of payroll. That adds up quickly! Potentially costing around $300,000 per year for a company with a $2 million payroll.
A higher salary is not always the answer. Studies show top level executives are among the most highly financially stressed. It’s not what you earn, but what you do with it, that counts.
Help your people take better control of their finances, and you help them focus.
A happy workplace means increased productivity, less absenteeism, lower staff turnover, and improved engagement and outcomes. Happy employees lead to happy customers.
What can you do?
At Money101, we believe that everyone should be empowered to make better financial decisions. We have drawn together our collective expertise and 15 years’ experience, to deliver an exciting product-free, Financial Wellbeing workplace solution, in one neat package.
To uncover the cost-effective secret to increased Financial Wellbeing for you and your organisation, take a peek at our intro video.
We would love to help you build better financial outcomes in your workplace, today.