1Legacy

Survey: UK Workers Prioritise Financial Wellbeing Over Physical and Mental Health Support - 7 min read Lauren Berkemeyer | CMO of YuLife -?November 1, 2024 https://lnkd.in/e72Txp-7

The future of employee wellbeing: a strategic priority for HR "... HR has the opportunity to position itself as a strategic partner by demonstrating how wellbeing can drive business results." "HR leaders can turn employee wellbeing into a business advantage. Actionable strategies can drive productivity and resilience" "Perhaps the biggest shift in wellbeing is its growing importance at the executive level." https://lnkd.in/eSHy2qDw by SIAN HARRINGTON. ---- 6 MINUTE READ

The Hidden Costs of Neglecting Employee Well-Being: A Financial Case for Prioritizing Burnout Prevention Jonathan H. Westover, PhD - Dec 19, 2024 - 8 min read Abstract: This article makes a compelling business case for organizations to prioritize addressing and preventing employee burnout, which has traditionally been viewed solely as a health issue. It outlines the significant "hidden costs" of burnout that directly impact the bottom line, including presenteeism, increased healthcare expenses, and reduced productivity and performance. The paper then discusses how investing in employee well-being programs can yield measurable financial benefits such as higher productivity, lower turnover, and better customer satisfaction. To build the business case, leaders are encouraged to quantify these gains using organizational data, and to implement specific practices like developing a formal wellness strategy, empowering managers, and modeling healthy behaviors from the top. By recognizing employee well-being as a strategic priority, organizations can mitigate the heavy financial toll of burnout and unlock human potential for long-term success. https://lnkd.in/ewJ-hWKZ

One of the 15 big ideas that will change the UK in 2025... The investment landscape of 2025 will see a fundamental shift as employee wellbeing becomes a mainstream metric for stock valuation, alongside traditional financial indicators. This transformation is already gaining momentum, backed by compelling evidence that happier workplaces deliver superior returns. https://lnkd.in/eF_PzbUk

???? Financial stress is the leading cause of poor mental health in the workplace. The numbers speak for themselves: Poor mental health costs UK employers ￡51 billion annually. But it doesn’t have to be this way.* By integrating financial wellness tools like 1Legacy into your corporate strategy, companies can help reduce financial anxiety, boost productivity, and support a happier, healthier workforce. It’s time to live up to your company values! ???? Let's keep the momentum from #WorldMentalHealthDay going and commit to financial wellness in the workplace—today, tomorrow, and every day. ?? *Source: Deloitte 17/05/2024 #FinancialWellness?#EmployeeWellbeing?#1Legacy?#Productivity?#MentalHealth

The 2024 Wellbeing Diagnostic Survey from WTW shows that?#EmployeeWellbeing?is evolving into a core part of human capital strategy, with companies increasingly recognising its importance in talent acquisition and retention. The survey indicates that while employers have made strides, significant gaps remain, particularly in financial wellbeing support—a key area employees say they need the most help with. ?? Currently, only 21% of employers view wellbeing as a foundational element of their strategy, which is expected to grow to 46% in the next three years. Companies that prioritise wellbeing not only enhance employee engagement but also improve their competitive positioning in the market. As talent competition intensifies and the cost of living rises, supporting financial health can be pivotal in creating a resilient and satisfied workforce. 1Legacy enables companies to provide a solution for Financial Health and Financial Wellbeing, and we're currently looking for partners. Could that be you? ?? #EmployeeWellbeing?#HumanCapital?#WorkplaceCulture?#FinancialHealth?#MentalHealth?#FinancialWellbeing?#EmployeeEngagement?#HR

Who needs a fish box when you’ve got 1Legacy? ?? The recent High Court ruling that a Will written on the back of food boxes is valid reminds us how critical it is to have a proper Will in place. At 1Legacy, we simplify the process by using LegalWills' first-class technology. With preferential pricing for our clients, we ensure your Will is valid, accurate, and complete—no food packaging required! Get your legacy on track today and leave nothing to chance. #LegacyPlanning #Wills

?? The cost of poor mental health to UK employers has reached a staggering ￡51 billion annually*. With the rising cost of living (60%), personal finances (46%), and job security (22%) being top stressors for employees, it's no wonder these concerns spill over into the workplace. The message for employers is simple: supporting mental health has become a necessity. Integrating solutions that address these stressors, like financial and organisational tools, can reduce the strain on your team, leading to a healthier, happier, and more productive workforce. ?? What steps are you taking to support your team? *Source: Deloitte 17/05/2024 #EmployeeWellbeing?#MentalHealth?#CostOfLiving?#HR?#FinancialWellness?#MentalHealth?#Leadership?#1Legacy

?? Research shows financially secure employees are less distracted, leading to higher productivity and lower absenteeism (which currently costs UK employers ￡51b annually)*. With financial stress affecting millions, providing the right support can truly make a difference. ???? Businesses can easily surpass traditional benefits by integrating solutions like 1Legacy, offering comprehensive financial and legacy planning tools. Not only does this enrich the customer experience, but it also creates a more engaged, focused, and resilient workforce. When employees feel in control of their finances, they perform better and stay more committed, while customers appreciate the added value that goes beyond just products or services. In today's challenging economic landscape, taking a proactive approach to wellbeing shows you’re a brand that genuinely cares about those who contribute to its success. ???? How are you supporting your team's and your customer’s financial health? *Source: Thriving at Work: The Independent Review of Mental Health and Employers #EmployeeWellbeing?#FinancialWellness?#CustomerExperience?#CX?#Leadership?#HR?#BusinessGrowth?#1Legacy