Outcomes for employers
Employees will be more productive and less stressed
Improved employee experience and retention
An attractive recruitment proposition
By being financially organised , employees are better equipped to comb at ever increasing inflation costs and less reliant on pay rises
Employees with access to financial education feel more positive about their organisation, feel better about coming to work and more focused on their job
Clear evidence links Financial Wellbeing to general mental well being, exhaustion, sickness absence, presenteeism and productivity
Why is Financial Wellbeing
Money stress is different for each of us but most of us feel like we have no control – without skills to budget properly or how to ask for help we can feel anxious, helpless, ashamed and in worst cases, taking actions we will later regret.
When people are dealing with debt, they are far more likely to report health problems and exhibit behaviour issues including presenteeism, when they are at work but not performing to their usual standards
Cultivating healthy financial habits improves our physical and mental wellbeing; this relationship between our Financial Wellbeing and our total wellbeing is deep-seated.
Being in control of your finances – having contingency to cover unexpected expenses or simply feeling in control over your money – is fundamental to Financial Wellbeing.
of average earners and more than one-in-three top earners still worry about money.
UK employees who report lost productivity also report financial stress.
of UK employers actively focus on financial wellbeing.
Outcomes for employees
Confidence built on new knowledge and skills
A sense of taking back control
Peace of mind
Improved Financial Wellbeing Score
Kenwell Engage is a program led by trusted Financial coaches involving a webinar series, workbooks and ongoing support.
A Financial Wellbeing Scorecard will monitor their improvements.
All participants receive a personalised financial plan which addresses their concerns, needs and aspirations.
Kenwell Engage considers our personal assets – our skills, talents, motivations, values and behaviours – not just our tangible financial assets.
After Kenwell Engage, your employees should have greater clarity on their personal goals and finances and replace any financial distress with Financial Wellbeing.