3 questions to ask your employer about financial wellbeing support

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “As the cost-of-living rises, businesses – more than ever – have a responsibility to provide their staff with financial wellbeing support.” If employees feel unsupported, Cao says: “It’s important that they ask their managers or HR department about the initiatives or resources that might be available to them; indeed, doing so could greatly improve their financial wellbeing.” Here are some suggestions from Cao for questions people can ask their employer about the financial wellbeing support they have available… 1. “This could help workers to improve their financial literacy, thus allowing them to better deal with short-term financial difficulties like the cost-of-living crisis, as well as manage their long-term financial obligations.” Some firms may also offer particular schemes which could help employees planning to make certain significant purchases, such as season ticket loans or cycle-to-work schemes. If they are nearing retirement, such a feature in particular could help secure their financial future.” Mintago’s research found that more than two-fifths of employees would leave their current job for an employer that provides better financial wellbeing support. Cao adds: “By asking about the different support measures available to them, employees might find mechanisms in place that could greatly improve their financial wellbeing.