Supporting employee financial wellbeing

IES Perspectives on HR 2017

Rickard C | HR Network Paper 131 | Institute for Employment Studies | Mar 2017

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Recent research by IES and others has revealed the growing need to support employee financial wellbeing. It is in this context that Catherine Rickard's 2017 Perspectives on HR essay outlines the issue and offers practical guidance on what employers can do.

Catherine's piece begins with an overview of the current research on financial wellbeing and offers a definition of the concept. Taking reference from IES's recent research on behalf of CIPD, Catherine identifies the main issues surrounding employee financial wellbeing and the benefits for organisations in supporting their employees financial wellbeing. The essay concludes with practical solutions for employers, who are encouraged to act now to support their employees in this important area.

Read the full series of essays in Darkening skies? IES Perspectives on HR 2017.