Signpost employee benefits to offset living costs: WorkLife

Five ways to improve employee financial wellbeing

Hemma Visavadia
clock • 2 min read

Firms must adapt rewards and benefits offerings in order to help employees to improve their financial wellbeing, according to Rob Marshall, head of product and proposition at WorkLife by OpenMoney.

Marshall explained that it is "essential" that bosses are signposting employees to all available support, as well as considering additional resources which may be required. "Those being asked to return to the office will soon find themselves having to fund additional expenses such as train tickets and meal deals once again, presenting yet another strain on their personal finances," he said. Against this backdrop, Marshall suggested five ways firms can help employees offset rising living costs in an efficient manner. He stated that salary sacrifice schemes such as cycle to work, ele...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Businesses looking at benefits to prevent employee absence

Businesses looking at benefits to prevent employee absence

63% measured the business impact

Jaskeet Briah
clock 01 July 2025 • 2 min read
Unum UK adds Health Network to Help@hand

Unum UK adds Health Network to Help@hand

Partnership with YoungMinds

Jaskeet Briah
clock 18 June 2025 • 2 min read
Diagnostics rank as most 'essential' employee benefit for businesses

Diagnostics rank as most 'essential' employee benefit for businesses

Benenden Health research

Jaskeet Briah
clock 11 June 2025 • 2 min read