This is how work should feel: Financial well-being as a critical piece of a holistic well-being strategy
future foHRward, in partnership with: Sonnet
Download the whitepaper
Just when we thought employees could not be any more overloaded, March 2020 brought about the biggest global black swan event in decades. New levels of stress resulted in additional well-being challenges that many organizations were not prepared for. In 2020, Deloitte’s Global Human Capital Trends report indicated that 80% of organizations said worker well-being is important or very important for their success, but only 12% said they were very ready to address this issue.
Over the course of the pandemic, companies have progressed from reacting, where the focus was mostly on colleagues’ physical well-being, to responding, where the focus expanded to mental and financial well-being.
Today, progressive companies are dialing up a strategic and holistic approach to well-being. This means understanding the interconnection among all three of these pillars, as well as other factors such as social/ community well-being and work environment.
Now in 2022, as we face rising inflation, financial well-being is of even more concern as people struggle to maintain their lifestyles with their current wages. As a result, employees are expecting more support from their employers.
In partnership with Sonnet, this whitepaper provides, an overview of why financial well-being matters, and considerations for organizations and HR departments looking to address this important issue.
