The drivers of financial stress are clear: the rising cost of living, increasing childcare, education and healthcare costs, pressure on employees who care for both their ageing parents and their own children, volatile investment markets, insufficient savings, increased life expectancies, and job and income insecurity.
Home | Financial wellbeing support for employees
Mental health programs should, where possible, include financial wellbeing initiatives, as these can enhance employees’ sense of workplace security, improving focus and energy.
Aon defines financial wellbeing as the ability to confidently manage financial life today while preparing for the future and unexpected challenges along the way.
of Australian organisations are providing fully funded financial health checks for employees (up from 26% in 2018).1
Recent studies have shown that among employees:
To help alleviate financial stress, Aon can develop a strategic framework to develop and align your financial wellbeing initiatives with your organisational culture and employer brand proposition. This will ensure that financial wellbeing is understood and prioritised as a key pillar supporting employees’ overall wellbeing.
Aon’s financial wellbeing scorecard methodology can assess the suitability of your existing strategy, identify employees’ emerging financial wellbeing needs, and recognise improvement opportunities.
Aon’s financial wellbeing experts can simplify and convey complex information via engaging and actionable education modules to suit employees at any life stage.
Our programs cover multiple topics and can be tailored to address the key issues concerning employees in your sector and location. Sessions are available at a national or regional level via multiple channels.
Incentivisation and engagement through gamification
To create and maintain positive behaviour change, Aon can gamify elements of the financial literacy program to create a powerful incentive for employees who would otherwise show poor engagement with personal finance topics.
Vendor sourcing and project management
Using our vendor analysis process and extensive ‘trusted vendor’ database, Aon can help you find the right partner to deliver specific components of your financial wellbeing program, and the right partner to design and source an employee savings solution.
Aon offers needs analysis, objective setting, end-to-end project management, implementation and liaison support to seamlessly deliver financial wellbeing programs to your employees across multiple vendors and markets.
Technology
Technology offers a scalable, fun and ‘always on’ approach to delivering financial wellbeing education. For example, Aon’s suite of wellbeing apps, which includes Well One and LifeWorks, help employees access real-time financial coaching and feedback, so they can adopt healthy habits. Dynamic reporting lets employers measure and report on the impact of wellbeing programs on the fly, rather than wait months to retrospectively report on progress.
