7 Corporate Benefits of Financial Wellness

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7 Corporate Benefits of Financial Wellness

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You corporate benefits of financial well-being their main function is to reduce financial stress in the employees' routine. When the plan is well applied, the tendency is to increase motivation and productivity of employees.

A study of MetLife on Employee Benefits Trends showed that 37% of professionals assume that they spend a good part of their time at work thinking about their financial situation.

With this scenario, the focus on the tasks diminishes, the worries take over the concentration and the results become unsatisfactory.

So that your company doesn't have to go through this situation, we've listed in this article some corporate financial wellness benefits that your organization can offer. Check out!

What are corporate financial benefits

A Healthy Financial Wellness Corporate Benefits Program strategic actions developed by companies to reduce the impacts of financial stress.

Also because with financial concerns it is quite possible that the employee will not be able to fully engage with the work, influencing your mood and performance.

And not only that, financial stress can lead to physical and psychological illnesses. Knowing this, 82% of employers recognize the importance of investing in corporate financial wellness benefits, according to MetLife.

Advantages that somehow contribute to the reduction of absenteeism and even from the turnover rate. Do you want to know the main corporate benefits of financial well-being in the market?

We've listed some of them to help you contain professional dissatisfaction.

What are the main financial corporate benefits

60 billion dollars, this amount that companies usually lose due to the low productivity of their employees caused by stress indicated a research of The American Institute of Stress.

In many cases, financial stress is the main driver of this alarming number.

One report of Prudential signaled that 45% of professionals receiving corporate financial welfare benefits declared themselves to be physically healthy. So, check out 7 benefits that can contribute to your employees' satisfaction.

  • Salary on demand;
  • Special lines of credit;
  • Student financing;
  • Food stamps;
  • Fuel voucher;
  • Agreements with gyms;
  • Lectures and courses on financial management.

Below you will find all the details of each of the corporate financial wellness benefits mentioned above.

Salary on demand

Who hasn't been in a pinch at some point in the month when they've run out of money to pay the bills? Well, this is a very common reality in the lives of UK residents professionals.

To solve this problem of lack of money, which can generate financial stress, companies have been betting on a very effective novelty, the salary on demand.

Within the corporate benefits of financial well-being, this advantage makes employees have greater autonomy over your salary.

With the salary on demand, the employee can take part of his/her payment at any time and will receive the value for the days worked.

This reduces financial stress, as the employee will have part of their money throughout the entire month and increases, for example, their gratitude and motivation towards the company.

Special credit lines

According to Google Survey more than 51% of UK citizens resort to loans to pay debts, taxes, card bills and so on. Given this reality, payroll-deductible loans are one of the options within a corporate financial well-being benefit plan.

Since, in addition to its low interest rates, it tends to reduce financial stress on the employee who is in need of money to solve personal problems.

Any private company can offer this type of loan to its employees, as long as they have an agreement with a financial institution. In the payroll loan, the amounts are deducted directly from the employee's salary.

So, the payroll loan can be an excellent possibility of benefit for those employees who need a quick credit line, with a low interest rate.

student financing

Professional improvement is part of the incessant search for knowledge that talents have. However, teaching in the country costs the student, on average, monthly. about BRL 898.00 revealed the Map of Higher Education in the UK.

No wonder the school dropout in Higher Education in 23% pointed I want scholarship data. Therefore, it becomes almost impossible for an employee to decide to improve themselves, organizing their homework expenses with studies, without getting financially stressed.

Thus, many companies are betting on education aid as a good attraction within the corporate benefits of financial well-being to reduce financial stress and retain talent.

With this support that the company offers, it becomes more viable for employees to continue improving through courses, MBA and even higher education.

food stamps

One survey by the Sodexo Study Group revealed that for 75% of UK citizens the food/meal voucher is one of the main benefits that a company can offer.

This is mainly due to the extra expenses with food that the employees would have if they did not receive this extra amount in their salaries.

The same survey showed that more than 40% of employees they said they would need to make a financial adjustment if they did not receive food stamps or snack.

Based on these data, it is possible to see that companies that give up these corporate benefits of financial well-being tend to create a great concern in the employee regarding their expenses with food.

Therefore, food or meal vouchers can be a stimulus to motivate employees and reduce the financial stress caused by this type of expense.

Including being a determining factor in the motivation of employees and contributing directly to the retaining talent.

fuel voucher

O transportation vouchers it is a right of the employee who works under the CLT regime. However, many professionals choose to travel to the company with their own vehicle because they live far from bus stops, stations or even for comfort.

For this reason, many companies offer as part of a corporate financial wellness benefits program the fuel worth.

Giving the employee this autonomy to choose the best way to travel can contribute to their well-being, motivation and quality of life.

This, therefore, is a great competitive advantage to reduce the employees' concern regarding personal expenses with commuting to the company. Thus, allowing the employee to choose the best option for him.

Agreements with gyms

One University of Bristol study, United Kingdom showed that physical exercise is linked to increased productivity and concentration. 41% of employees who did a day of exercise increased their motivation and 25% finished their work earlier.

In addition, these same professionals raised in 21% your power of concentration. Thus, offering an agreement with gyms can be one of the corporate benefits of financial well-being.

That's because so whoever wants to build a gym to improve their personal satisfaction and professional performance need not worry about this expense on their bills. Since the company itself will offer you this benefit, contributing to your income.

Lectures and courses on financial management

According to a survey by the Credit Protection Service (SPC) and the National Confederation of Store Leaders (CNDL) 65.6% of defaulters have a feeling of sadness, discouragement, many find themselves depressed.

This is because six out of ten UK citizens do not set aside any or little time to plan their finances, according to Dice of the SPC and CNDL. The consequence of this is lack of productivity at work, dissatisfaction and financial stress.

Many UK citizens don't have the slightest notion of financial management and that is how many companies have been betting on lectures and courses to help employees manage their finances.

These corporate benefits of financial well-being, through lectures and courses, can help to raise awareness of the conscious use of salary, financial planning and organization of accounts.

Lectures can instigate the employee to become interested in the subject. The courses, on the other hand, can create an environment for reflection, debate and the search for solutions to problems related to indebtedness, investment, accounts and cost containment.

Financial well-being and stress reduction

Corporate financial well-being benefits have gained traction as a major stimulus to lessen the stress caused by money-related concerns.

For this reason, these advantages can increase productivity, performance, and employee satisfaction. It is important that a corporate financial well-being benefit plan is organized according to the profile of the employees.

And the operation of each benefit must have transparency, clarity and objectivity on the part of the company with its employees.

If necessary, give presentations and workshops to reiterate the importance of financial planning and how the company is thinking of contributing to this challenge.

Learn more about financial well-being benefits for employees by reading our other article on the topic, clicking here.


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