"inspire money confidence"
"Discover why empowering your staff for life's financial ups and downs is good for your business too"
At Money Beam we believe a happy work place is a productive and successful workplace.
The cost of living crisis has pulled more people into problem debt, hardship and day to day money worries. The positive is, It has raised awareness of financial wellness as an important part of workplace well being policy and strategy as employers see increases in salary advances, requests and uptakes for emergency loans and issues in performance and productivity.
Financial wellness initiatives help staff benefit physically, mentally and have healthier relationships meaning employers are more likely to thrive too.
However ...
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"Financial wellness initiatives in the workplace lag significantly behind mental health wellbeing initiatives. The CIPD report that of the organisations who have a wellbeing programme, 57% focus on mental health, while only 11% include financial wellness in their mix.​​"
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People who have money worries or are in problem debt are THREE times more likely to have mental ill health issues than those who are not.
This poses cost, time, productivity and reputation risks to an employer.
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Absenteeism goes up, people take typically 2 days from work to deal with money issues, productivity declines, retention of staff is at risk as people seek higher wages, performance weakens which puts pressure on managers to manage issues and employers reputation can suffer.
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"Money worries are the top cause of stress in the work place."
Financial wellness is not about levels of pay alone. Our attitudes, beliefs and habits around money affect our life and our ability to cope, function and contribute personally to society and at work.
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Studies show that organisations who include financial wellness initiatives are more successful and content places to be in. This is why Money Beam has been created, to help employers focus on what works for their employees and their organisation.
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​Wherever you are in your staff's wellbeing journey, without an employee financial wellness programme your organisation could be missing out on a key component to improving your staff's overall wellbeing and success of your organisation.
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Money Beam
At Money Beam, we're passionate about helping employers create a positive financial wellness pathway for their employees. Our comprehensive consultancy services cover everything from research, training and programme development to implementation, ensuring that you have all the tools and support you need to establish an effective employee financial wellness programme.
About Us
Hello, I'm Saleem Shafi ...
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As the cost-of-living crisis took hold HR leaders would call and ask me to help their staff who were struggling with money and debt, because they could see the effects it was having on their staff's wellbeing and impact on their organisations.
It became clear to me organisations needed deeper support. This is why I decided to create Money Beam.
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I had the honour of being Deputy CEO of Money Buddies, a charity that specialises in financial wellbeing. My 20 years experience in financial services helped develop Money Buddies from a single centre operation into arguably the UK's most extensive face-to-face financial wellness service, supporting over 26,000 of the most impoverished and vulnerable people in our society.
​"Financial wellness is a serious problem here in the UK. We are only waking up to having financial education in our schools."
"Numeracy levels in half our adult population is at a level of a school child. People struggle to understand their bills, contracts and everyday spending."
"Couple that with beliefs around money, which are shaped in our early years, marketing bombardment of buy now pay later playing on our impulse control and decision making, leads to a recipe of disaster affecting our mental health and quality of life."
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My mission is to raise financial wellness for all so that more people live with greater peace of mind.
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"Numeracy levels in half our adult population is at a level of a school child. People struggle to understand their bills, contracts and everyday spending."
