Financial Wellbeing

Financial wellbeing graph

FINANCIAL WELLBEING

Love2shop financial wellbeing roundel Love2shop Financial Wellbeing

FINANCIAL WELLBEING: BOLSTER YOUR EMPLOYEES BENEFITS PACKAGES

Stress over money quietly and invisibly chips away at the productivity and engagement of employees. Problems with financial wellbeing cost the economy dearly every year in hours and days lost to stressing about money.

The scale of the problem in the UK is under-reported and shocking:

NEARLY TWO THIRDS OF EMPLOYEES HAVE BORROWED IN THE PAST YEAR JUST TO COVER THEIR LIVING COSTS, 37% USE CREDIT CARDS AND 8% USE PAYDAY LOANS.

Asking employers to simply pay more isn’t the silver bullet either, as among people earning £40,000 – £60,000 a year the rate of financial stress was still as high as one in five, and of employees suffering financial stress a whopping third actually don’t think they need any more money.

IMPROVE THE FINANCES OF YOUR EMPLOYEES

Business can help by making financial wellbeing a priority and bolster their employee benefits packages with discount schemes and salary sacrifice options to stretch and stabilize employee’s household budgets.

OUR SOLUTIONS INCLUDE…

FINANCIAL EDUCATION

Help your employees feel more secure about their money by putting them in touch with specialist financial consultants to advise on household budgets and getting the most out of their benefit package.

Whether your employees are struggling to stay on top of a mortgage, figure out what’s best for their pension or navigate investments, they can benefit from having access to a third party financial planner that they feel comfortable discussing their money concerns with.

INSURANCES

Financial insurance gives your employees greater peace of mind when it comes to their finances, allowing them to work with the confidence their family is protected if the unpredictable and unthinkable should happen. We partner with a leading wealth management provider to offer employees services such as life assurance, critical illness cover and income protection.

DISCOUNT PLATFORMS

Discount schemes are a cost-effective way for businesses with a limited budget to help employees get more out of household budgets without having to commit the financial resources to increasing wages.

Not only do the savings add up, but employees become more involved with their finances; by planning their spending around the areas they enjoy discounts in, employees are forced to segment and plan their spending more intricately, and in response see the benefits of their discounts with greater clarity.

WHERE THE SAVINGS STACK UP

Supermarket and grocery essentials

Employees get 4% more each time they visit the supermarket.

High street
retail
shopping

Staff save 7.5% on high street indulgences at over 90 brands.

Experiences for the whole
family

Staff can knock 40-50% off the cost of days out or cinema trips.

Dream holidays and weekends away

Employees save 7.5% on holidays anywhere in the world.

SALARY SACRIFICE SCHEMES

Salary sacrifice lets employees have the peace of mind to know some of their vital outgoings are taken care of before their monthly take-home pay while saving a bit of money in the process.

Cycle
to Work

Employees get healthier, happier and save money with bicycle commuting.

Car
payments

Save on payments and service costs on environmentally friendly cars.

Holiday
trading

Staff can buy extra hoidays, or sell holidays back to their employer.

DOWNLOAD THE EVERYDAY BENEFITS BROCHURE

Find out more about discount savings on everyday expenses for your employees.

Love2shop Everyday Benefits Brochure

GIVE STAFF FINANCIAL WELLBEING A HELPING HAND

We’re on hand if you want to talk about setting up simple, cost-effective systems to help alleviate financial stress in your business. Just fill out the web form below and we’ll be in touch.

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