Promoting Financial Wellbeing in the Workplace
- Sources: 2024 Workplace Wellbeing Survey EMA NIB; Te Ara Ahunga Ora 2024
Why employee financial wellbeing is good for business
- Employers who support financial wellbeing in the workplace help to create a healthier environment, and show themselves as a socially responsible organisation. Benefits of reduced money stress include:
- Happier, healthier teams
- Increase in productivity
- Staff feeling supported and valued
- Less absenteeism
- Greater staff retention
- Improve staff retention
More and more employees are worried about money and job security. It impacts their mental and physical health, as well as overall productivity and engagement levels. Many are distracted and their stress levels may negatively affect their relationships with other work colleagues, which can damage team morale. To help employers care for, retain and support staff who are experiencing financial stress, Money Compass offers financial wellbeing solutions.
How Money Compass can help support financial wellbeing
Money Compass’ team has over 30 years’ experience in financial mentoring and money education. Services to improve employee wellbeing include:
- One-to-one financial mentoring
- Online services
- Group workshops
- Lunch 'n' Learn Group workshops
- Facilitated conversations
- Money Health Checks
- Tailor-made packages
"I was in distress, negative, and very worried about my kid's future. Since working with my financial mentor, I have saved my family and we are in a positive financial situation where we are able to live and cope"