Employers warn of expected financial difficulties for staff

Partners& research shows

Hemma Visavadia
clock • 1 min read

Employers have warned that they expect to see increases in the number of employees experiencing financial difficulties this winter as the cost of living crisis continues, according to a report from Partners&.

The report surveyed more than 160 professionals and highlighted the expected financial challenges employees may face over the next few months. Due to the financial crisis and rising inflation, Partners& revealed that one third of surveyed employers have already made (11%), agreed to make (3%) or are considering making (19%) financial support payments to staff to help alleviate their struggles. Meanwhile, 25% of surveyed employers said they offer some financial education services, with roughly three in 10 (31%) "actively considering" introducing a similar service this autumn. Howeve...

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 Group Protection

Mattioli Woods joins GRiD

Mattioli Woods joins GRiD

Joins 70 organisations in the market

Cameron Roberts
clock 26 August 2025 • 1 min read
Non-clinical absence and GIP

Non-clinical absence and GIP

Early intervention and mental health support

Vanessa Sallows
clock 26 August 2025 • 3 min read
Economic inactivity falls 0.4% in H1 2025

Economic inactivity falls 0.4% in H1 2025

Lowest figures since pandemic

Cameron Roberts
clock 13 August 2025 • 3 min read