Employers must address employee financial wellbeing worries - report

clock • 2 min read

Financial wellbeing should be top of the corporate agenda as one in three employees report feeling 'distracted by money worries', according to a major report.

Metlife's latest UK Employee Benefits Trends Study 2017 found that 60% of UK employees were concerned about their job security during 2016, an increase on 54% during 2015. The increased sentiment was mainly driven by geopolitical uncertainty. Increasingly employees are becoming more concerned about financial security if a principal income earner isn't able to work due to disability or illness. Some 57% of employees identified this as an issue compared to 47% the previous year.   The third Metlife UK Employee Benefits Trends Study 2017 surveyed 600 UK based HR representatives and 301 e...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Active workers boost productivity

Active workers boost productivity

12 more productive workdays annually

Cameron Roberts
clock 19 November 2024 • 2 min read
Quarter of businesses not benchmarking benefits: Towergate

Quarter of businesses not benchmarking benefits: Towergate

Towergate Employee Benefits research

Jaskeet Briah
clock 12 November 2024 • 1 min read
Circle Health launches health insurance service for businesses

Circle Health launches health insurance service for businesses

Getting people back to work

Jaskeet Briah
clock 06 November 2024 • 2 min read