Research from Salary Finance shows that financial wellbeing can directly affect people’s physical and mental health with over half of those surveyed (51%) saying they are worried about money. The research also found that financial worries outweighs concern about careers (22%), health (18%) and relationships (14%).
All Sodexo employees will have access to an online platform hosted by Salary Finance which will provide free financial education including videos, life guides, webinars as well as tips and tools such as savings calculators, budgeting tools and access to credit scores.
The new benefit scheme will also offer Sodexo’s employees access to apply for affordable loans repaid through their salary.
Mark Goodyer, human resources director at Sodexo UK & Ireland, said: “The health and wellbeing of our people is a top priority. The financial pressure of modern life and the increasing cost of living means many people are worrying about money.
“By offering this new scheme we hope to provide a valuable service which we hope will go some way to reducing financial stress. There is no obligation for any of our people to use this scheme, we simply want to support our people the best way we can by making available a service which will help them manage their financial wellbeing.
“We are committed to creating an inclusive workplace where everyone can bring their whole selves to work, one where they feel they belong and are valued and where they act with purpose and make a difference through their everyday actions. It is our ambition to ensure that each and every one of our employees feel empowered and accountable and are given the chance to thrive in their career.”