Financial wellbeing in the workplace

Sharing good practice

Employers use many ways to build financial wellbeing. Use these examples and ideas to help you get started.

Create a work culture where people are comfortable talking about money

  • Have financial wellbeing ambassadors at every level of management, including board level.
  • Invite experts such as your pension provider, independent financial advisor and local bank’s mortgage specialist to discuss money matters with your employees. 
  • Provide confidential counselling services, where employees can discuss their financial situations.
  • Build financial wellbeing into inductions, HR policies and around life events, such as going on parental leave, buying a home, facing a relationship breakdown or bereavement, returning to work, gaining a promotion, approaching retirement and leaving a job. 
  • Add a financial wellbeing section onto your intranet. Get in touch and we can help by providing free content.

Partner with other providers

  • Work with a local or national credit union that provides employee savings, loans or insurance services, taking repayments directly from the payroll.
  • Partner with other specialists in the areas of pension support, payroll savings schemes, loans and salary advance schemes and financial education.

Review your Employee Assistance Plan if you have one

  • Ease the burden of commuting costs with season ticket loans and bike-to-work schemes.
  • Give employees access to a regulated financial advisor and receive tax and national insurance contribution relief in return.
  • Negotiate group life insurance and income protection insurance for your employees, providing financial security for their loved ones in event of their death, injury or long-term illness.
  • Health insurance through the workplace can give employees additional medical benefits.

More ways you can help your employees

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Managing money in uncertain times

Guides to support your employees and customers affected by the pandemic or rising living costs