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% 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.