Why you need to make employee financial wellbeing a priority
With the end of the financial year fast approaching, it’s a good time to think about employee financial wellbeing. Studies show a direct link between financial stress and physical health, emotional wellbeing, and ultimately, workplace productivity. Stress caused by pay levels, an inadequate level of financial literacy or an absence of employee benefits can affect work performance.
In fact, according to the 2017 CoreData/Financial Mindfulness Financial Stress Survey, nearly one in every three Australians feel financially stressed. And it’s a problem that affects all socio-economic groups.