How to break the great wellbeing myth
Join this People Management Insight webinar, produced in partnership with nudge, to learn from experts on how to create a strategy that truly supports your employees’ wellbeing
A myth has emerged that financial wellbeing can be achieved by a collection of employee benefits that restrict individuals to a fixed, limited menu of transactions. There is a whole world of personal finance that spans outside of work which needs to be understood and maximised by employees. And the myth that benefits in isolation will improve the financial wellbeing of individuals needs to be broken.
Financial wellbeing is actually an outcome - it’s about having the knowledge and skills to make the most of an income – high or low – and enjoy a comfortable and contented quality of life.
In this People Management Insight webinar, produced in partnership with nudge, wellbeing experts will discuss the findings of nudge's recent whitepaper, 'Breaking the great wellbeing myth', that explored the trends in financial wellbeing from approximately 300,000 people’s financial habits and stress levels.
By joining you will hear:
- How the financial wellbeing landscape is evolving
- Why integrating financial benefits into a virtuous wellbeing circle is critical
- What more than 300,000 people’s financial habits and stress levels mean for your strategy
- Next steps and real-life examples to create your financial wellbeing programme.
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nudge
https://www.nudge-global.com/In today’s complex financial world, ignorance isn’t bliss. For billions of people, it’s hardship, hassle and lost opportunity. But we believe change is possible. We believe that when people are in control of their money, they’re in control of their lives. And if we can help make their salaries, or wages, or payments go further, we can make sure that time spent working is time well spent – and that every human life counts for more. That is why our whole team is 100% committed to create brighter financial futures for millions of people. We work with over 100 organisations of all sizes to help close to half a million employees maximise financial opportunities, overcome financial problems and make managing money stress free – and sometimes even a pleasure. Our personal finance solution that uses insights from behavioral science – “nudge” thinking – to increase the likelihood of positive outcomes for our users.It’s about how and when you present options – delivering the right content to the right person at the right time – for all the right reasons. So they can make the right decisions and improve their financial wellbeing.
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CloseWith 15+ years’ experience in HR and reward, Tim has been at the forefront of innovation in the industry. Prior to nudge, Tim started his career as one of the founding team of Thomsons Online Benefits, the global benefits platform that brought benefits online.
In the space of just three months in 2012, the UK saw not one, but two, once-in-a-generation legislative changes hit the world of personal finance. The first, Auto Enrolment changed the pay and savings of over 10m people and the second, RDR, removed access to financial advice for 20m at exactly the time the most needed it.
Tim recognised that people now had an unprecedented level of responsibility for their money but didn’t have the confidence or knowledge they needed. They were crying out for help and that’s where the idea for nudge was born – a service filling the void between doing nothing and expensive financial advice.
Since then, nudge has grown rapidly, supporting almost half a million people to improve their financial wellbeing and create brighter financial futures for themselves and those they love.
Charles Cotton is the senior adviser for performance and reward to the CIPD. He is also responsible for the CIPD’s public policy work in the area of reward and has given evidence to select committees on banking pay executive remuneration and politicians’ expenses as well responding to various consultations, such as on pensions, retirement and corporate governance.
Charles frequently appears in the media commentating on reward and is often invited to present at events.