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Stress is a hot topic for businesses. Not only can it impact engagement and productivity, but it can undermine your company culture in more insidious ways, like reducing employee focus and loyalty. Financial and mental stress has risen to its highest level since the beginning of the COVID-19 pandemic. This is compounded by a significant increase in the cost of living.
A 2021 report into the Future of Work by PWC found that the top two benefits employees wanted as part of the Employer Value Proposition were rewards (25%) and wellbeing (22%). This encompasses pay, salary packaging, discount incentives such as perks, mental health support, wellness and lifestyle benefits, and financial support and education.
It’s clear that to attract, engage and retain top talent, putting financial wellbeing at the core of your people strategy is crucial.
The importance of putting financial wellbeing at the centre of your people strategy.
Why financial wellbeing is critical in attracting, engaging and retaining top talent.
How to build a competitive package that offers employees pay and benefit incentives.
Keeping an eye out for signs of stress amongst your people in the workplace..
How employers can help by running a financial wellbeing education program.
How to get started on winning the race for talent.
Develop your business skills and HR expertise with the Flare Benefits Resource Hub. Get access to helpful tools, articles, guides, webinars, and other on-demand resources that can help your business attract, hire, and retain top talent.