Posted on: Friday June 07, 2019
An online poll by Personal Group reveals that only a third of employees feel their employer does enough to support their financial wellbeing and less than a quarter (23%) feel comfortable speaking about their finances with their employer.
According to the pulse survey*, 41% of employees felt physical, financial and mental health benefits were all as equally important workplace benefits. When asked which financial wellbeing benefits employees would most like to see in their workplace, financial education was the most in demand with 36% of employees wishing their employers provided this. 33% of respondents wanted an employee assistance programme and 32% wanted to see fair value loans being offered in their workplace.
More than a quarter of employees felt emotional and mental wellbeing benefits were the most important wellbeing benefits an employer could provide, for example employee assistance programmes and mental health first aiders. The survey also revealed that financial wellbeing benefits are becoming increasingly important in the war for talent, with 58% of employees considering financial wellbeing tools an important factor when considering where to work.
Deborah Frost, Chief Executive of Personal Group said: “Employees are increasingly looking to their employer to provide greater support for their physical, emotional and financial wellbeing. The right wellbeing benefits can provide employees much needed support at the various stages of their life – whether it is dealing with debt, managing workplace stress or coping with illness.
“Yet just making wellbeing benefits available to staff is not enough, making them accessible is key. Delivering them via an employee app is one way to ensure that staff can access information, assistance and support whenever and wherever they need it. This means they can be happier and healthier both at work and at home.”
Other highlights from the poll include:
- Men feel more comfortable talking about their finances with their employer than women (40% men versus 13% women)
- 36% of respondents would like to be offered financial education in the workplace; and
- 48% said that they do not feel their workplace does enough to support its employee’s financial wellbeing.
* 113 people participated in the financial wellbeing poll.
To find out more about how Personal Group can help support your employee wellbeing strategy, contact us, call 01908 605000 or email [email protected].
Exploring the Future of Reward
Our colleagues at Innecto, experts in strategic reward and HR consultancy, have shared their latest thinking on how reward might evolve over the next decade. In “The Future of Reward: How Could Things Look in 2035?”, they explore key trends, potential disruptors, and what organisations can do today to prepare for the workforce of tomorrow.
Posted on: 18 August 2025 by Andrew Walker, New Business Development Director
Student loans – how to support workers repaying the cost of university
It’s the summer of 2025 and thousands of new university graduates are hitting the employment market, armed with youthful enthusiasm and a will to work. But the majority will also be saddled with debt. To gain an insight into this challenge, we spoke with two of our experts at opposite ends of the generational divide: reward consultant Spencer Hughes graduated from Swansea University in 2018 and Business Development Director Andrew Walker studied at Aston University before student loans were introduced. We asked them how companies, and HR in particular, can help these younger workers?
Posted on: 6 August 2025
How to use tech to personalise reward and benefits to better support parents and carers
July marks Good Care Month, an annual campaign to celebrate the contribution of carers working in the social care sector, and highlight the profile of care as a rewarding and essential career path, particularly at a time when recruitment and retention in the sector are national priorities. Personal Group’s Andrew Walker looks at how the clever use of HR Tech can help this silent army.
Posted on: 24 July 2025 by Andrew Walker, New Business Development Director
