Nine in 10 companies concerned about employee financial wellbeing

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Only half of employers have a wellbeing strategy in place for their employees
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Only half of employers have a wellbeing strategy in place for their employees

Just over a quarter of employers have defined financial wellbeing strategies that include provision of financial benefits other than a pension, according to research by Barnett Waddingham

Some 88% of employers are concerned about the financial issues their employees are struggling with, but only half have a wellbeing strategy, research has found. In a survey by Barnett Waddingham of 243 UK firms in July, 37% said they were very concerned, and 51% were somewhat concerned, 8% were not concerned, while 4% were unsure. The consultancy found that the smaller employers and those in the recruitment sector were the least concerned. Some 20% of companies had one-to-49 employees, 10%...

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