The impact of poor financial wellbeing on the Australian workforce21 Mar 2022 4 min read
Financial wellbeing, or its absence, affects everybody. People don’t leave these issues at home; they bring them to the workplace. If someone is worried about money, it’s more than likely to impact their work performance.
You might think your staff are doing okay, but the evidence suggests otherwise. According to a report produced by Money101, 48% of Australia’s workforce is worried about their finances, with more than one third saying their financial situation is a major cause of stress.
Conversely, when employees are less stressed and more confident about their finances, they are empowered to be more productive. The good news is it’s not difficult to provide the support that your staff need to improve their financial wellbeing.
As an employer, you’re often your staff’s go-to when they’re considering their super choices. We’re making it easier for you to have these conversations, with guidance, tools and templates, so you can choose to chat about super and financial wellbeing, while avoiding any potential risk of stepping into providing financial advice.