Financial Wellbeing in the Workplace

IQ&Co are helping organisations support financial wellbeing in the workplace through a variety of different solutions.

Why is it important?

In an ever changing working environment find out why Financial Education and Wellbeing is so important for business owners and employees alike.

£192

is the average cost to employers for each day lost due to financial distress.

£2.5

billion was the total cost of ‘absenteeism’ due to poor financial wellbeing.

£6.2

billion was the combined cost of ‘presenteeism’ and ‘absenteeism’ to UK employers.

Money Worries

24% of UK employees worry about money every day, up 8% in a year1 40% reported that financial concerns were their biggest worry in 2022.

Financial Pressure

Two in five workers (40%) have experienced increased financial anxiety in the wake of the coronavirus pandemic.

13 Million Days

13 million days of work were lost as a result of 2.5 million private sector workers taking time off in the last year due to poor financial wellbeing.

What is our approach?

Assessment

Assess employee demographics

Offering

Tailor an offering to suit

Programme Delivery

Use our industry knowledge and expertise to deliver the programme

Support

Ongoing support for staff members

Our solution

Generic Workshops

We have a series of sessions that can be delivered either in-person or virtually to your employees. Although generic enough to present to a group, they aim to be accessible and relevant.

Bespoke Workshops

If desired, we can work with you to develop a bespoke presentation; for example, to executives who have complex financial benefit packages.

1:1 Guidance Sessions

To provide personal guidance, we offer 1:1 sessions. These sessions are for information and guidance only, but access to advice is available.

Hear from businesses who have benefitted

Anonymous

IQ visited my workplace and as a result identified a number of my employees were worried about access to medical services As a result I was able to review my staff benefits and, with the help of IQ, put private medical insurance in place. This means my staff see specialists sooner reducing their time off work and this also reduces their worries.

HR Manager

IQ came into my workplace and completed 1-1 sessions with a number of staff members ranging from mortgage discussions to investment, pensions and personal protection advice. The staff all said that they don't really make time to think about these things for themselves so it was great to have a workplace which facilitated these discussions, with experts, as part of their offering to staff.