Financial wellbeing – a growing priority for employers
55% of employers prioritise financial confidence
Employers are increasingly recognising how financial wellbeing plays an important role in overall workplace wellbeing.
In fact, during a recent employer webinar, 55% of attendees told us that reducing financial stress or improving financial confidence is one of their priorities this year.
Why financial wellbeing is rising up the employer agenda
When employees feel confident managing their money and planning for the future, they're better placed to focus on their work, make informed financial decisions and feel more secure about what's ahead.
Financial concerns don't stop when employees arrive at work. Worries about day-to-day finances, saving for the future or managing unexpected costs can affect confidence, focus and overall wellbeing.
Over 85% of UK adults endorse financial education
The need for support is clear. Research commissioned by us found that:
- 85% of UK adults believe that without financial education, we'll all be poorer in the future
- 91% believe we're failing future generations if we don't equip them with financial literacy
- 80% say they wish they had received financial education at school.
This highlights a significant knowledge gap that employers are increasingly helping to address through trusted financial education and support.
The challenge for employers
Many employers recognise the importance of supporting financial wellbeing, but they're often unsure what support employees need most or where to begin.
Effective financial wellbeing support doesn't mean providing financial advice. Instead, it can mean helping employees access reliable education, guidance and resources that help them make informed decisions about their finances.
Personalised tools and guidance with nudge
It’s for these reasons why we've partnered with nudge, and why we want you to encourage your employees to get the most out of what it has to offer. nudge is a leading financial education platform that helps people build confidence in their finances through practical tools, guidance and personalised support.
Practical learning for every stage of life
From learning how to manage bills and debts to understanding ISAs, investments and long-term financial planning, it's designed to help employees develop their knowledge step by step.
The impact of personalised support
And the impact can be significant. Research shows that 94% of nudge users feel confident managing their money – a reassuring figure when it comes to securing the financial future of your employees.