Employees who receive financial support at work are almost four times as likely to want to share money concerns with their organisation, according to new research.
Dynamics in Financial Wellbeing, based on a survey of 5,000 UK workers, shows that just 16% of employees that report getting no employer financial support would share money worries at work. This rises to a significant 62% for those who say they do receive support.
Talking about money can reduce stress and anxiety, as well as increase knowledge and experience, which helps us make better decisions and develop a better relationship with money.
The new research report, created by financial wellbeing platform Bippit, also highlights a significant perception problem: organisations and employees don’t agree over whether financial support is even being offered.
