While some organisations already have financial wellbeing programs in place, most of these are not measured, and are targeted toward employees nearing the end of their careers, with a focus on superannuation and retirement. However with Australians across generations currently experiencing low levels of financial literacy and high levels of debt, there has never been a more important time to invest in a company-wide program.
A financial wellbeing program will not only support an employee’s quality of life – due to the direct link between financial wellbeing and mental health – but will deliver clear organisational benefits.
Supporting employees’ financial health has been proven to result in:
- Increases in engagement levels
- Uplifts in productivity
- Reductions in stress
- Lowering of absenteeism and presenteeism.
While also enhancing the perceived value of benefits, so an organisation can attract and retain the best people across a multi-generational workforce. Put simply, a financial wellbeing program will provide better business outcomes.
To discover how your organisation – and your people – can benefit from a financial wellbeing diagnostic and the development of an associated program, contact Aon today.
Download Aon’s 2018 Global Financial Wellbeing Study Report here.