#BusinessTip - Employee Wellbeing

#WorkNotWorry - For the last month I have been sharing the benefits of partnering with social finance companies such as Credit Unions to help your employees with their financial wellbeing.

Most medium to large companies offer their employees benefits such as private healthcare cover, interest-free season ticket loans, company cars, and even theatre tickets and holiday clubs. All of these not only attract employees to apply for their corporation, but also assists employees in their personal lives. This in turn creates a loyal, more motivated workforce - with the private healthcare helping to ensure that they get the best treatment should they fall ill.

But one thing missing which has a major effect on employees in the #UnitedKingdom is financial worry. Not having enough savings (24% of employees have #zero savings); not having access to affordable credit (short term credit - for example payday loans - typically cost 1100% APR); or simply not having enough for luxury items such as renovations or family holidays, all creates an abundance of potential scenarios that can cause financial ruin and bankruptcy.

This is why I support the #WorkNotWorry campaign by Association of British Credit Unions and endorse the great work Crownsavers Credit Union have been carrying out in the last 21 years in helping employees in South East London.

Watch this short video to find out more about how partnering with your local credit union will be a great employee benefit to offer to your staff.

#Business #BusinessTip #Free #EmployeeWellbeing #FinancialServices #Debt #Savings #loans