Financial Wellbeing Is The Next Frontier For Employers

“Financial wellbeing” is very definitely not just another buzz phrase. It’s now one of the most important issues facing Australian employers. This is a particularly complex area, covering a wide range of very difficult financial issues for staff that have a flow on impact on every part of Aussie companies, from the product to the customer. <h1>Financial wellness problems can include:</h1> <ul> <li>Financial stress</li> <li>Debts</li> <li>Unexpected costs</li> <li>Personal finance issues</li> </ul> These are all sources of potentially serious problems for employees. In the workplace, however, there is an added dimension to these problems, which may include: <ul> <li>Absenteeism on personal business</li> <li>Reduced quality of work due to stress</li> <li>Reduced productivity</li> <li>Workplace relationship issues due to quality of work problems</li> <li>Financial hardship</li> <li>Inability to pay bills</li> <li>Potentially serious financial ramifications including bankruptcy in some cases</li> </ul> These are all extremely traumatic situations for the companies affected. These situations are all too common, and represent a risk of potentially serious levels of dysfunction for businesses. How does any company keep their staff happy, keep their staff engaged or even keep their staff at all, when they’re dealing with heightened levels of compounded stress that are crushing their spirit and pushing them away? <a href="https://medium.com/@FlareAustralia/financial-wellbeing-is-the-next-frontier-for-employers-e8f93eacb762">Visit Now</a>