Financial wellbeing is top concern for two thirds of employers

Over half of employees looking to employers to support on financial issues

clock • 1 min read
Financial wellbeing is top concern for two thirds of employers

Two thirds (65%) of HR decision-makers identified financial wellbeing as the "next big employee challenge" according to research from Scottish Widows.

The survey of over 500 HR leaders found the pandemic had exacerbated the issue, with almost half of workers experiencing increased anxiety and stress as a result. Employees are more likely to tackle financial wellbeing concerns, with 65% of HR leaders saying their staff were increasingly likely to discuss mental health issues with management, according to the research. Over half of employees (52%) have also looked to employers for support on issues such as personal debt, costs related to working...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Exclusive access to our fortnightly Protection insight mini-podcast.
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection