Financial wellbeing: An evidence review

While general employee wellbeing has received much attention – in particular, as a result of the COVID-19 pandemic – the financial aspect of wellbeing has historically been neglected. Financial wellbeing is the least common area included in HR strategies, despite money worries affecting 47% of UK employees. And, although around half of employers do have a financial wellbeing policy in place, only 11% are actively focusing on it as part of their overall HR and wellbeing strategy. Financial distress (a symptom of poor financial wellbeing) has important implications for both wider employee wellbeing and performance.

Working with the Center for Evidence-Based Management (CEBMa), we’ve summarised the best research on financial wellbeing to show the moral and business case for workplace support, and evidence what employers can do to help in the form of practical guidance and recommendations.

See the practice summary for the main insights and practical recommendations for action. 

See the scientific summary for our methodology and technical information on the research and study references.