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How financial wellbeing impacts productivity at work

Many of us are feeling the squeeze right now and it’s no surprise that more people are bringing money worries to work with them.

Research shows that one in five younger workers say that financial stress affects their performance. But it’s not just younger employees feeling the pressure.

As an employer, you’re probably feeling it too.

So how can you help your team without stretching the budget even further?

Acknowledge the reality

Start by recognising it. Financial stress doesn’t stay at home and it affects focus, motivation and morale.

Simply being open about it can make a difference. Let people know you understand that times are tough for everyone.

Look for flexibility

Small changes can have a big impact, as long as they’re a viable option for your business.

That might mean offering flexible start and finish times, shift swaps, local travel options or occasional home-based work, where possible.

Anything that helps people to manage costs and time more easily can make a real difference without adding expense.

Offer practical support

Not everyone wants to discuss money, but sharing helpful resources can go a long way.

Things like access to budgeting tools, employee assistance programmes or financial wellbeing webinars can help people to feel supported.

A woman sat at a desk with her head in her hands as she looks at some paper and money in piles in front of her.

Keep it fair and consistent

Make sure any flexibility or perks are offered fairly across your team. Inconsistency can quickly undo good intentions and create frustration.

Open the conversation

Encourage managers to check in with their teams. Not to pry, but to create space for people to raise concerns early. Sometimes just knowing their employer cares is enough to help them to stay focused and engaged.

Supporting financial wellbeing isn’t about spending more, it’s about understanding and fairness.

If you’d like to review how you can support financial wellbeing, get in touch.

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