Employers 'need to understand' risk of financial wellbeing - MetLife

Issues begin to rise

Adam Saville
clock • 1 min read

Tackling financial stress would help boost productivity and engagement in organisations

Employers have been urged to "understand" the risk of financial wellbeing after MetLife research found six in 10 (61%) senior HR executives have reported a rise in financial wellbeing issues affecting employee mental health. Out of the 200 HR professionals surveyed by the insurer, two-in-three (64%) said tackling financial stress would help boost productivity and engagement in their organisations, while more than half (58%) said there is growing momentum to provide support. However, it concluded employers are also struggling to agree best practise standards to address the issue of fin...

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

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
Broadstone boosts employee benefits division

Broadstone boosts employee benefits division

Increasing demand for more flexible benefits

Jaskeet Briah
clock 04 October 2024 • 3 min read