In recent times, the role of the employer in helping to improve the “financial wellbeing” of their employees, over and above pay, has made it on to the management agenda, often as part of broader mental wellbeing initiatives.
However, historically, it has been difficult to quantify the impact of poor financial wellbeing and identify what actions would result in the greatest improvement. To address these two issues, we surveyed over 10,000 UK employees and 10,000 US employees, to support the development of a quantitative analytical model, that allows employers to identify the scale of the problem in their business and benchmark themselves against their peer group.
