Financial wellbeing

Looking after your employees’ financial wellbeing is paramount. Financial stress can have an impact on overall wellbeing and happiness. If your employees are struggling to manage their money and don’t know where to turn to for support, it could have an impact on your business too.

According to our research:

almost half of employees surveyed said they had no money left at the end of the month to fall back on should a financial emergency occur; and
21% of employees admitted that personal income or financial worries caused them the most stress whilst at work.

It’s clear that financial stress can affect anyone and as each employee’s circumstances are different, knowing where to start can often be a problem. As part of our financial education programme, we use The Personal Financial Wellbeing Assessment to pinpoint where the highest levels of financial stress lie within your organisation. The assessment only takes one minute and provides your employees with a personalised financial wellbeing report which details their level of financial stress and suggested steps on how to make improvements. As an employer, you receive a corporate report enabling you to be strategic with your financial wellbeing approach. You can take an example assessment here.

DOWNLOAD OUR FINANCIAL EDUCATION GUIDE

A guide to financial education in the workplace.

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We want to help more people understand their financial position and what it means for their future. We can work with you to embed financial education into your organisation and improve the wellbeing of your workforce, boosting productivity and engagement.

Our financial education programme covers a range of topics, from budgeting and saving, to understanding the mortgage market, through to pensions for higher earners and the actions you should take when nearing retirement. No matter what approach you take, together we can help you create greater financial certainty for your people.

Making the most of technology

We believe the most effective way to improve financial certainty is face to face, whether this is in person or using technology, such as webinars, it’s something we can deliver on a one-to-one basis or to a wider group where appropriate.

In addition to this, we offer an online financial wellbeing module that uses animations and videos to communicate the financial challenges and opportunities your employees may face. Our Mybenefitsatwork portal also covers general health and wellbeing too, creating a holistic solution for employees.

Whilst we appreciate that financial wellbeing can be difficult to assess, we make it easy by using a combination of our assessment, feedback and employees taking action. We can help you take the necessary steps to improving your employees’ financial health and overall wellbeing. Get in touch to find out more.

Client Testimonials

We've thoroughly enjoyed our introduction to Secondsight. The whole team is exemplary in their commitment to providing excellent and efficient service and we wouldn't hesitate to recommend them to other law firms or professional services firms seeking a refreshing approach to managing their employee benefits. We are looking forward to continuing our relationship with the business over the coming years.

Caroline Stevens, Director, Crowell & Moring

The ideas and connections Secondsight have brought to Epson, and our local HR team, have been invaluable and meant we have set new financial benefits and wellbeing solutions in place that we would simply not have done before.

Stuart Chalmers, HR Manager UK, Ireland and Nordics, Epson Europe

The world of pensions can be quite grey but you always bring a huge amount of colour to it. I have never been so engaged with pensions and neither have our employees. I would highly recommend you and your team.

Alison Field, Group HR Director, Briggs Equipment

Communication and employee word of mouth have been key to its success to date. We truly believe that the financial education programme is an excellent investment - both in terms of time and money.

Rick Hewitt, Finance Director and Board member at Ricoh

A* customer service and assistance. Nothing is too much trouble.

Jane Howard, Payroll and Rewards Officer, Yazaki Europe

Over the last three years, this team has been proactive and efficient, highly knowledgeable plus friendly and easy to deal with.

David Barry, HR Manager, Manufacturing Technology Centre

Secondsight were very knowledgeable and supportive for staff throughout the process of discussions around the TPS, providing clear information and one to one support for staff that required further detail.
The team at Secondsight also helped set up an alternate solution, enabling an easy and effective transition to the new provider.  They were very much instrumental in the success of the whole process.

Director of Finance and Operations/Clerk to the Governors, Shrewsbury House School Trust Limited

Secondsight has been working with us for more than a decade.  We greatly value the consultancy support provided, in that it serves to guide us through the oft complex nature of pensions. 
Throughout our relationship, Secondsight has proven reassuring, comprehensive and professional.  This has enabled us to take prompt and effective action where required. 
We have also welcomed their support in ensuring that our member communication is clear and informative.  We commend them for service they offer.

Bursar, Lord Wandsworth College