Supporting employee financial wellbeing: Leek Building Society
Case study on how one organisation implemented a range of pay and benefits measures to support employee financial wellbeing
Case study on how one organisation implemented a range of pay and benefits measures to support employee financial wellbeing
Difficult economic conditions are prompting many employers to change their approach to financial wellbeing to support their people through tough times. While increasing pay may be the most direct choice of options, it might not always be possible when budgets are tight, nor, on its own, may it be enough. Instead, organisations are redefining their benefits packages to help employees in new, innovative ways.
Enabling financial awareness is an important aspect for supporting an employee’s overall wellbeing during a cost-of-living crisis. To ensure that the support is relevant to individual needs, it is important to recognise that these needs are changing at employees’ different life stages. Understanding this allows for the creation of actionable steps that improve financial awareness for everyone in the workplace.
Organisation: Leek Building Society
Industry: Financial services
Size: c. 200 employees
Interviewee: Rob Longmore, HR Director, and Lizzie Hall, Head of HR
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