February 26 2024 | Team nudge
Reward Leaders' top 4 financial wellbeing benefits questions
Want to know the top four questions Total Reward Leaders are asking about financial wellbeing benefits today?
5 min read
We were honoured to host Jasmine Birtles, a financial expert, TV presenter, author, and business commentator as the keynote speaker at our first ever in-person nudge conference in 2022.
One of our core beliefs at nudge is that everyone in the world needs financial education. Jasmine reiterated and solidified that belief in her keynote speech. She shared three key points about the importance of financial education, not just in the workplace, but for everyone in the world.
What is really happening within the world of personal finances?
When discussing the cost-of-living crisis, and the pressures employers are under now to distribute pay rises to their staff, Jasmine said:
“One of the big bonuses of knowing how to manage your money is that suddenly it feels like you’ve had a pay rise.”
The connection, and the impact money can have on an individual’s wellbeing and why it is critical that people receive financial education - now.
The impact of financial stress on the workplace
With some punchy, and quite daunting data, Jasmine highlighted how the employer can help their people in this time of need:
“When you’re in control of your money, you’re well on your way to being in control of your life”
To conclude, Jasmine recapitulated that most people have little to no financial education and employers are in a position to change this. Employees need knowledge and reassurance from their employers because they trust them. Additionally, employers should bring in an external platform that is personalized and independent with regular financial education to help them meet their goals.
Interested in learning about how nudge could help your employees? Get in touch
February 12 2024 | Team nudge
A recent report revealed that 73% of employees in the US are caregivers. Juggling work responsibilities with caregiving duties can be overwhelming, and employers have a unique opportunity to provide valuable support.