The Last Word Comment
How employers can support employees facing difficulties
Following the pandemic, personal and family budgets will continue to come under pressure, so how can companies react?
Mel Joseph Founder and director, Mente
UK companies should take action to support employees facing financial difficulties. New data from HR Grapevine has
revealed that 69% of employees are currently worried, stressed, or anxious about their financial situation.
COVID-19 These financial concerns are largely fuelled by the COVID-19 pandemic, which is believed to have left 8.6 million people with a reduced income. Despite money worries being so prevalent, many employers have not provided their workers with enough communication on the topic, or about the impact of coronavirus. In fact, 59% of UK employees surveyed
felt that they were either not getting any information from their employer, or that they would like more information, about the current situation. We help businesses to manage stress and
mental health and would advise all employers to reach out to employees to remind them of the support available to them.
Despite money worries being so prevalent, many employers have not provided their workers with enough communication on the topic, or about the impact of coronavirus
There is an undoubtable link between
money and mental health and many people are now struggling. We understand that many businesses
are experiencing financial challenges, but the experience of workers must not be forgotten. Although companies cannot solve all of
an employee’s financial problems, there are supportive steps they can take. Good communication is vital. Many
workers are feeling insecure about their jobs and finances, and timely and open communication is key to reducing this. Employers must cascade regular messages
to employees to avoid unnecessary anxiety from growing. Remind employees of the help that is
available to them. Signpost them to financial support services, and explain the help that may be available to them through the government, like mortgage holidays. If your organisation offers employees a
specific workplace finance solution, you must remind employees of this too. CCR
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www.CCRMagazine.com
July 2020
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