Close Brothers: Money worries can impact employee productivity and mental health

The importance of financial wellbeing

The Financial Wellbeing Index report by Close Brothers, released in tandem with Mental Health Awareness week (13-17 May), has revealed that companies are lacking when it comes to supporting the financial wellbeing of their employees.

Of those surveyed for the Close Brothers report, 55% claimed that their workplace offers no aid to help improve an employee's financial wellbeing. As a result, 55.6 out of 100 admitted their work performance has been affected by financial concerns. Meanwhile, 94% of those surveyed said they worry about money with 28% of them revealing that they are unhappy with the current state of their finances. Jeanette Makings, head of financial education at Close Brothers,  pointed out financial security is a "core component" when considering the mental health of people in the workplace and she r...