How can employers effectively support employee financial wellbeing?

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Many people reading the title of this post will be wondering why is employee financial wellbeing important, and what does it have to do with me as an employer?

Financial worries account for the majority of stress felt by employees in the workplace today, this can be attributed to the rising costs of living combined with the stagnation of salaries. However, the impact that personal finances has on your employee’s health in terms of poor psychological wellbeing, higher stress and anxiety levels, can be felt heavily by the employer such as increased levels of absence and lower levels of productivity.

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