Jonathan Watts-Lay, Director, WEALTH at work, provides tips on how to build an effective financial wellbeing strategy.
Understand your employees’ needs
The key is undertaking both quantitative and qualitative research. For example, look at the benefits on offer and the take up rates. Are certain benefits more popular for certain cohorts? Is poor take-up because the benefit isn’t attractive or is it that staff don’t understand how it could help them?
Develop an appealing savings package