The future of Employee Financial Wellbeing
Employee Financial Wellbeing – Investing in an employee financial wellbeing strategy will benefit both employees and organisations. If employees feel more financial stability, this can improve the ROI on staffing costs by reducing their financial stress, increasing productivity, and reducing absenteeism. It can also act as a powerful tool for recruiting and retaining staff, as […]
Financial wellbeing strategies need to start with employees
Financial wellbeing strategies: The starting point should be with employees. We need to understand the overall financial wellness position within the workforce; what help do they need? Why do they need it? Determining the need for financial wellness starts with understanding the impact financial woes have on a worker and ultimately, the company itself. In […]
Is your employer helping to safeguard your financial future?
Safeguard your financial future: Stress and anxiety are a part of everyday life in today’s fast-paced world. It has been well documented that problems with personal finances is a major contributor to stress and lost productivity at work. Fortunately, employers can help ease some of this stress and make steps to improve engagement by offering […]
Responsible lending & borrowing where does the buck stop?
Responsible lending is to ‘act in a customer’s best interests, ensuring affordability, transparency of terms and conditions and supporting a borrower if they experience repayment difficulties’. Lenders have a responsibility to make sure borrowers understand the details of a loan and carry out thorough checks on any borrowers, so they can be confident that what […]
Employee wellbeing and the return to work
Employee Wellbeing: No industry or sector has been unaffected by the outbreak of COVID-19. Many people have had to make significant changes to their daily lives, at relatively short notice, including how they work – whether that’s hours, location, or even being able to do their job at all. The impact will be felt for […]
Go-Float becomes Elva
Go Float becomes Elva: Following our merger with Lowermycharges and a successful Seedrs funding round, we have now rebranded and launched as Elva. We are ready to help your employees deal with financial bumps in the road and builds long-term financial wellbeing. Go Float becomes Elva. The rebrand coincides with a huge overhaul of our […]
Implementing an employee financial wellbeing program into your organisation
For many business owners, the notion of an official employee financial wellbeing program can often be overlooked (other than providing fair pay and a clear policy regarding tax and benefits), it can seem unnecessary to take any other action regarding employee finances. What’s becoming more and more apparent, however, is that employers do need to […]
Nearly half of UK construction workers experience poor mental health due to financial stress.
UK Construction workers’ mental health: In line with Mental Health Awareness Week 2021, IronmongeryDirect, in collaboration with charity Mind, has published survey results of UK tradespeople to highlight the issue of work-related stress within the construction industry. The report found that nearly half (49%) of construction workers experience poor mental health due to work-related issues. […]
Why employers should be investing in financial wellbeing strategies
Financial wellbeing benefits and support are starting to gain traction amongst businesses and their employees. However, the subject is still not a high priority on every organisation’s boardroom agenda. Many are taking time to be convinced that offering a financial wellbeing program will have a positive impact on the bottom line and help its workers. […]
Government scheme offers ‘Breathing Space’ for Britons in debt
Breathing Space Debt: People living in the UK with mounting debts will be able to ask for them to be put on hold for two months (60 days) after proposals two years in the making came into effect this week. The so-called ‘Breathing Space’ scheme, announced by the Government in 2019 after a five-year campaign […]