Financial wellness: having a healthy relationship with your finances by understanding how you can spend and save your money thoughtfully.
Stress, loss of focus, low morale and sickness are all issues that can arise from employees having low financial wellness, causing Australian businesses an estimated $33 billion per annum. In fact, 53% of workers admit to feeling stressed about their finances. Despite this, only 15.2% of Australian employers have a Financial Wellness Program in place.
We’re walking a tightrope in Australia and nobody wants to admit that there’s a problem.
So what actions can employers take to promote financial wellness amongst their employees? Fortunately, we at Tribeca are confident we have found a solution in the form of our Financial Wellness Programs.