Talk Money Week
It’s Talk Money Week - finances are an issue that affects every household. A recent report by the Money and Pensions Service highlighted that 9 in 10 UK adults find it difficult to talk about money, or do not discuss it at all.
A report by the Institute for Fiscal Studies highlighted the impact of COVID-19 on incomes, spending, saving, and financial distress. This combined with households affected by the furlough scheme, rising interest rates, and household bills; can have a profound impact on the physical and mental health of those worried about money.
Employees are looking for ways to make their money go further, and as employers, you can support this through your employee benefit schemes. Finding the right package for your company can be challenging, you want to find benefit schemes that reflect your organisational values, but that can meet the new challenges as a result of the pandemic.
Our Employee Benefits for Health, Wealth, and Wellbeing framework offers you a flexible solution to meet the changing environment and provides a range of tools for employees to manage all aspects of their wellbeing including financial education and saving schemes. Employees can also benefit from having salary sacrifice options for goods and services that may have previously been unaffordable.
Katrina Hepworth, Category Manager at NOE CPC said: “Alongside offering core benefits such as cycle to work schemes, gym membership and Employee Assistance programmes our framework gives employees access to tools and guidance to assist with financial wellbeing and financial planning.
“The benefit platforms are available 24/7 allowing easy access to view all options available from one place using a single sign-on. Employers can also use the framework as an opportunity to re-evaluate your current employee benefits package and adapt it to meet the new environment post-COVID.”
For further information or to find out more click here.