Financial wellbeing is more important than ever with everyday money worries at the top of people’s minds. We provide practical guidance to help employers improve financial wellbeing in the workplace.
For us at the Money and Pensions Service (MaPS), financial wellbeing is about feeling secure and in control. It’s about making the most of your money from day to day, dealing with the unexpected, and being on track for a healthy financial future. In short: financially resilient, confident and empowered.
Financial stress can seriously harm people's mental and physical health, affecting individuals, workplaces, and communities.
A recent survey found that:
From an employer's point of view, these pressures are significantly affecting the workplace, with over half saying it’s hurting their job performance. (1)
People who experience financial wellbeing are less stressed about money. This, in turn, has positive effects on their overall mental and physical health, and on their relationships.
It’s more important now than ever to help your colleagues, customers and community to build financial wellbeing. We can help your organisation to start or continue developing ways to do this.
We offer a range of free support, expertise and resources to businesses to enhance financial wellbeing in the workplace. You can:
Our MoneyHelperOpens in a new window service offers free, simple and impartial guidance, backed by the government, on money and pensions. This includes a range of online guides, tools and calculators in English and Welsh to help improve your finances, including a cost of living hub.
You can also contact MoneyHelper through:
We have a wealth of evidence to share with you on what works to build financial wellbeing in the workplace.
Contact our regional partnerships team for free support and practical ways to help you build financial wellbeing across your organisation.
Based near you, our partnerships teams can help bring your organisation an understanding of some of the local financial wellbeing challenges.
If your organisation has multiple sites, please contact the regional manager closest to your head office.
(1) LCP, ‘Employee Wellbeing Survey’, 2024