Why have Certified Financial Wellbeing First Aiders

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Our research shows 84% of employers have Mental Health First Aiders in the workplace.

 

​People with money worries and debt are three times more likely to have a mental ill health condition compared to those that don't have money worries. ( Money and Mental Health Policy Institute). This impacts on their personal well being and their ability to work and perform, which impacts on the performance and profitability of organisations.

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The CIPD  reports "where employees are covered by a financial wellbeing policy, they are seven times more likely to report their employer has a positive impact on their financial wellbeing." 

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Research shows employees expect their employers to provide financial wellbeing  support and education as part of their employee benefits package.

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Staff report where their employer provides support "they feel protected from poverty and feel in control of their finances."

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The cost to employers of poor employee financial wellbeing (CIPD)

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Attendance at work

10% of full-time and part-time employees have missed days at work because of financial worries, with a average of 4.9 worker days lost each year.

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Productivity at work​

On average, employees spend 3.5 working days a year managing their money.

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Mental health in the workplace

Some 34% of employees say that financial stress/money worries in the past year have had a severe or major impact on their mental health.

 

Retention and attraction of staff

Over three-quarters of employees (76%) state they would be attracted to another company that they perceive cares more about their financial wellbeing.

 

Workplace engagement

Employees who state money worries have a major impact on their mental health are less likely to feel valued at work.​​

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​Who can train as a Financial Wellbeing First Aider

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In short anyone, there's no need to have a financial background..

 

It's ideal for mental health first aiders,  line managers, wellbeing champions and HR professionals because it is often during 121's, private conversations in safe spaces and Team meetings that hidden worries and concerns open up. Having Financial Wellbeing Skills at those moments could be the difference between your people going under or rising above.​​​​​​

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To see how Financial Wellbeing First Aiders could help your people and business, just update the box below and we'll get straight back to you​​​.

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