Financial Wellbeing – Your Organisation’s Most Important Investment
In Australia today, a financial storm is brewing. With stagnant pay growth, the potential for rising interest rates and low levels of savings in many households, Australians are entering an unprecedented era of financial pressure.
Organisations and leaders who expect this pressure to be contained to an employee’s personal life are unrealistic. As individuals experience financial duress, they bring this stress to their work, with flow-on impacts to the organisations they work for. Low productivity, absenteeism and poor performance are simply par for the course.
Thankfully, it is not all doom and gloom. Rather, this era presents organisations with a timely opportunity to conduct a diagnostic of their employees’ financial wellbeing. Working hand-in-hand with an organisational mental health program, financial wellbeing may be a company’s most valuable investment.