We can help your employees score their own financial wellbeing, identify their key challenges, establish their areas of focus and prioritise topics and themes...
This leads to a data-driven, personalised and inclusive FinWELL programme that maximises impact and is most cost effective.
Scroll down to take a look at our sport sector case study in collaboration with
Financial Wellbeing Within Sport CIC (FWWS)...
Financial Wellbeing Within Sport CIC (FWWS)...
Analysis
Once athletes understood the FinWELL scoring system they could measure their 'financial fitness' using our traffic light scale that would relate to either crisis, surviving or thriving for our five key elements of financial wellbeing.
You can see the results for each of these and they cover employees general confidence around managing money, their relationship with money, their ability to pay the bills, financial resilience and future plans.
Over 50% of people in the UK are not confident when it comes to managing money as we didn’t learn the basics at school and this is being further impacted by the rising cost of living, interest rates and inflation.
Employers can then implement relevant training and support in an effort to move people from crisis and surviving to thriving.
Once athletes understood the FinWELL scoring system they could measure their 'financial fitness' using our traffic light scale that would relate to either crisis, surviving or thriving for our five key elements of financial wellbeing.
You can see the results for each of these and they cover employees general confidence around managing money, their relationship with money, their ability to pay the bills, financial resilience and future plans.
Over 50% of people in the UK are not confident when it comes to managing money as we didn’t learn the basics at school and this is being further impacted by the rising cost of living, interest rates and inflation.
Employers can then implement relevant training and support in an effort to move people from crisis and surviving to thriving.
Analysis
You can see that some athletes scored themselves as ‘crisis’ were when it came to each of the areas.
This is quite common from our experience and shows the potential to offer support around these specific topics and themes.
Research has shown that 20% of people have less than £100 in savings or ‘emergency funds’ so this is a common trend that we see.
Employees also find it hard to focus on the future as they are either trying to survive the hear and now, don’t understand ways they can make money work harder for them over the long-term or think that it’s a long way off and will have time to ‘catch up’ later.
You can see that some athletes scored themselves as ‘crisis’ were when it came to each of the areas.
This is quite common from our experience and shows the potential to offer support around these specific topics and themes.
Research has shown that 20% of people have less than £100 in savings or ‘emergency funds’ so this is a common trend that we see.
Employees also find it hard to focus on the future as they are either trying to survive the hear and now, don’t understand ways they can make money work harder for them over the long-term or think that it’s a long way off and will have time to ‘catch up’ later.
Analysis
Here you can see a wide range of areas of focus which is again common in our experience.
It depends of the demographics of your teams but can normally see an increased need for basic money management and investing for the future.
We can then work with our clients to bespoke their financial education and wellbeing package around these areas of focus.
Here you can see a wide range of areas of focus which is again common in our experience.
It depends of the demographics of your teams but can normally see an increased need for basic money management and investing for the future.
We can then work with our clients to bespoke their financial education and wellbeing package around these areas of focus.
Analysis
A big exercise for our team is to explain the difference between financial education, financial guidance and financial advice.
We normally see that most people would like to access to trusted 'financial education' to avoid the 'ggogle effect' and we can provide this via our employer branded microsites.
There is usually a big requirement for 'financial guidance' which for us is either additional group workshops or follow up 1-1 sessions online or in-person.
There a usually a percentage of people who would like to explore options around professional advice once they had a clear idea of what that might entail*.
We can arrange in-person 1-1 sessions at various offices and locations (although they can also be made available online) and can also include adviser appointments alongside this via an employers existing providers.
*FinWELL do not endorse, recommend or promote any regulated products or services such as financial advice. Instead, we can effectively signpost to existing employee benefits and providers or at least explain the options available.
A big exercise for our team is to explain the difference between financial education, financial guidance and financial advice.
We normally see that most people would like to access to trusted 'financial education' to avoid the 'ggogle effect' and we can provide this via our employer branded microsites.
There is usually a big requirement for 'financial guidance' which for us is either additional group workshops or follow up 1-1 sessions online or in-person.
There a usually a percentage of people who would like to explore options around professional advice once they had a clear idea of what that might entail*.
We can arrange in-person 1-1 sessions at various offices and locations (although they can also be made available online) and can also include adviser appointments alongside this via an employers existing providers.
*FinWELL do not endorse, recommend or promote any regulated products or services such as financial advice. Instead, we can effectively signpost to existing employee benefits and providers or at least explain the options available.
Analysis
After sharing a number of practical hints and tips, it is encouraging to see that most people felt empowered to take action.
This only comes from having an understanding of what financial wellbeing means to them, establishing their own personal FinWELL scores and also identifying their key areas of focus and interest.
After sharing a number of practical hints and tips, it is encouraging to see that most people felt empowered to take action.
This only comes from having an understanding of what financial wellbeing means to them, establishing their own personal FinWELL scores and also identifying their key areas of focus and interest.
Analysis
This is a great way to ensure your approach to financial education is inclusive and personalised.
We’ve learnt how many key life events have a direct impact on our financial wellbeing and visa-versa.
Employers can now tailor support after establishing what’s most important to their teams including things like Menopause and Money, Money & Neurodiversity, FinWELL for Apprentices & Young Adults, Eating Healthily on a Budget, Bereavement, Grief, Trauma and Loss, Parenting & Caring, Divorce and even Financial Control and Economic Abuse.
We can also now include our extremely popular and CPD Certified FinWELL Champion Training®️🏅 to up-skill senior leaders, managers, wellbeing leads and mental health first aiders,
This is a great way to ensure your approach to financial education is inclusive and personalised.
We’ve learnt how many key life events have a direct impact on our financial wellbeing and visa-versa.
Employers can now tailor support after establishing what’s most important to their teams including things like Menopause and Money, Money & Neurodiversity, FinWELL for Apprentices & Young Adults, Eating Healthily on a Budget, Bereavement, Grief, Trauma and Loss, Parenting & Caring, Divorce and even Financial Control and Economic Abuse.
We can also now include our extremely popular and CPD Certified FinWELL Champion Training®️🏅 to up-skill senior leaders, managers, wellbeing leads and mental health first aiders,
Analysis
It’s useful to gauage how many people might like to arrange a more private and personal session with one of our FinWELL Specialists.
They can be offered on a credit basis blocks of sixteen to then be utilised as and when people feel confident and comfortable to progress their FinWELL journey.
It’s useful to gauage how many people might like to arrange a more private and personal session with one of our FinWELL Specialists.
They can be offered on a credit basis blocks of sixteen to then be utilised as and when people feel confident and comfortable to progress their FinWELL journey.
Analysis
It’s always encouraging to see that the launch workshop was found to be very useful, having a positive impact on confidence levels with the majority of employees either likely or very likely to recommend it to their colleagues.
It’s always encouraging to see that the launch workshop was found to be very useful, having a positive impact on confidence levels with the majority of employees either likely or very likely to recommend it to their colleagues.
Analysis
It's always nice to receive positive feedback especially when there is no obligation to do so.
We've recently introduced a way to track key outcomes and actions attendees have committed to themselves in an effort to maximise impact and positive change.
It's always nice to receive positive feedback especially when there is no obligation to do so.
We've recently introduced a way to track key outcomes and actions attendees have committed to themselves in an effort to maximise impact and positive change.
