New IES reports highlight the importance of employee financial wellbeing support

IES News

11 Jan 2017

Employee financial well-being: why it's important

IES has authored a series of three reports on behalf of the Chartered Institute of Personnel and Development (CIPD) examining the issue of employee financial wellbeing.

The reports examine why employers should be concerned about employee financial wellbeing; provide guidance to employers on implementing actions to improve employee financial wellbeing; and suggest how behavioural insight approaches can be used in the implementation of such support, to guide employee behaviour.

The reports are informed by a literature review on financial wellbeing which aimed to bring together in one place the wide breadth of academic and policy work in the area, and workshops which were conducted with HR practitioners, policy-makers and behavioural science experts. The reports vividly illustrate the drivers for change and the risks and costs of failure to take action in supporting employee financial wellbeing.

These reports continue IES’ work on the issue of financial capability and wellbeing; an area in which IES will be expanding during 2017, with the support of the Money Advice Service (MAS).

The reports

The three reports can be downloaded from the CIPD website and you can find out more about each report via the links below: