Signpost employee benefits to offset living costs: WorkLife

Five ways to improve employee financial wellbeing

Hemma Visavadia
clock • 2 min read

Firms must adapt rewards and benefits offerings in order to help employees to improve their financial wellbeing, according to Rob Marshall, head of product and proposition at WorkLife by OpenMoney.

Marshall explained that it is "essential" that bosses are signposting employees to all available support, as well as considering additional resources which may be required. "Those being asked to return to the office will soon find themselves having to fund additional expenses such as train tickets and meal deals once again, presenting yet another strain on their personal finances," he said. Against this backdrop, Marshall suggested five ways firms can help employees offset rising living costs in an efficient manner. He stated that salary sacrifice schemes such as cycle to work, ele...

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