Maximising financial wellness programs in the workplace

Financial stress affects productivity, engagement, and even employee retention. That’s why more South African businesses are introducing financial wellness programs as part of their benefits strategy. This article outlines how these programs work, what to include, and how to measure their impact.

The Current Landscape

61% of SA employees report financial stress negatively impacts their work (Old Mutual, 2023).

Program Components

• Free Counselling Sessions
  • Typically 6 sessions per year
  • Confidential under HPCSA guidelines
• Educational Workshops
  • Topics:
    • Debt management
    • Retirement planning

Implementation Guide

• Promote via payslip inserts
• Host quarterly "Finance Fridays"

Success Story

A Durban manufacturer saw 40% reduction in financial stress claims after implementation.

Next steps

• Use the Contact me button to book a consultation with me to help you further.
• Access further resources on the Adviser portal here.