Financial Wellbeing

Whitepaper

Our Report

Insight into financial stress and wellbeing for employers.

Never have Australians faced such a financial crisis. Financial stress indicators are the highest they have ever been due to rising household debt, cost of living pressures, the cost of housing, and the consistently accelerating pace of life.

 

Partnering with McCrindle, The Financial Wellness Group gathered insights from over 1,209 working Australians to find that over two thirds of employees (69%) are financially stressed. What does this mean for business? Research shows that presenteeism and absenteeism caused by financial stress leads to $47.2 billion in lost revenue for Australian businesses each year. 

For individual employees, financial stress manifests in symptoms such as depression, sleep loss, anxiety and poor concentration. Unsurprisingly, financially stressed individuals are less engaged at work, meaning a significant decline in job dedication, productivity, innovation, tenure, and efficiency as a result.

Download the whitepaper to learn...

  • The state of financial stress in Australia and the   workplace

  • The impacts of financial stress, such as the $47.2 billion in lost revenue each year

  • Our research on employee attitudes and behaviour

  • The need for employers to instigate change

  • Key strategies that HR and People and Culture teams can implement immediately to affect change

Employee engagement is at the heart of moving individuals towards a financially well future, and employers have ample opportunity to design workplace benefits to affect financial motivation and wellness.

Download the whitepaper

 
Keep me in the loop

As one of the largest corporate super advisors in the country, we assist you in developing and implementing a set of market leading benefits for your employees.  

Email: contact@tfwg.com.au

Phone: 1300 008 394

Address: 5.04/157 Walker St, North Sydney, NSW, 2060

Disclaimer

The Financial Wellness Group and its advisers are authorised representatives of Fortnum Private Wealth Ltd, ABN 54 139 889 535, AFSL 357306.

 

Any information on this website is general advice and does not take into account any person’s objectives, financial situation or needs. Please consider your own circumstances and consider whether the advice is right for you before making a decision.

Always obtain a Product Disclosure Statement (If applicable) to understand the full implications and risks relating to the product and consider the Statement before making any decision about whether to acquire the financial product.

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