One in four employees say that money worries affect their ability to do their job. People are the most vital resource in any business, but employees are struggling with the cost of living crisis. One of the likely fallouts from this is that employers will begin to see a decline in productivity, a demotivated workforce, and potentially even resignations.
In this podcast, we speak to Charles Cotton, senior adviser for performance and reward at CIPD, and award-winning psychologist and bestselling HR author Gethin Nadin, who is chief innovation officer at Zellis. We hear from Charles and Gethin that companies need to act now to help employees understand their finances and to build financial resilience.
Other discussion points in the podcast include:
- Why is financial education so important to employee wellbeing?
- How can low numeracy skills be a hidden barrier to positive financial wellbeing?
- What can employers do to help their employees better understand their finances?
- What people practices, beyond financial education, can employers implement to support employees’ financial wellbeing in a holistic way?