WHAT IS FINANCIAL WELLBEING?
58% of the UK’s workforce has been affected by financial worries in the last year (DNA of Financial Wellbeing Report 2018), and it’s no surprise that financial wellbeing has gained so much momentum amongst HR professionals and leadership over the last 18-months.
Our Financial Wellbeing scheme helps employees to manage their finances through educational materials, affordable debt consolidation and borrowing products that they can then pay back directly through their salary.
WHY SHOULD I PROVIDE FINANCIAL WELLBEING SUPPORT TO MY EMPLOYEES?
By offering Financial Wellbeing to your employees and helping them to improve their financial life, your staff can do more of what they love.
There is also no cost or risk to the scheme for you as an employer, as Financial Wellbeing is completely free to set up. Financial Wellbeing is hassle-free and offers award-winning support to your employees whenever they need it.
HOW DOES FINANCIAL WELLBEING WORK?
Implementing our Financial Wellbeing scheme means that your staff will have access to the Financial Wellbeing Hub, where they can access content such as podcasts, articles and tools to build their financial knowledge, confidence and resilience.
Financial Wellbeing also allows employees to borrow from £2000 to £25,000 for up to 5 years from 3.9% APR*.
Employees will make repayments directly from their salary, and the whole scheme has a focus on affordability, so staff can never take on more than they can manage.
At Busy Bees Benefits, we are committed to providing our clients with the right benefits for their business. If you’re interested in our Financial Wellbeing scheme, talk to a member of our team today to see how you can provide your employees with the knowledge to financially prepare for their future. Call us on 0330 333 9100 or email information@busybeesbenefits.com.
* Loans are subject to status and lending criteria.
