Claro Wellbeing’s Workplace Today report reveals some startling insights into the financial health of workers today – and what it means for businesses. For example, more than two-thirds (67%) of staff say financial stress affects their work, while the average employee spends 3.5 days a year managing their finances during office hours.
But supporting staff financial health goes beyond the cost of living crisis. With a lack of financial education in schools, many people enter adulthood ill-equipped and without the skills and confidence to manage their money effectively. This will continue to cause stress as well as leading to constant job hopping, sickness absence and poor productivity at work until we have the tools to make smarter financial decisions.
