How financial uncertainty has evolved through the pandemic
And how employers can help
Levels of financial stress surged during the pandemic, negatively affecting every aspect of employees’ lives, from their personal lives to their productivity at work. Employers also faced challenges on multiple fronts, including the uncertainty of the Great Resignation – a concern they still grapple with today.
With this in mind, we set out to create a series of snapshots of employee financial wellness at three critical points during the pandemic:
- April 2020 – As a shell-shocked world reacts to the onset of COVID-19.
- August 2020 – As months of economic disruption take their financial toll.
- June 2022 – As employees prepare to enter their “next normal.”
Our study delves into how workers feel about their financial health and explores the impact of financial planning as the pandemic unfolds. It also lays bare the critical importance of financial advice to improve outcomes for employees and employers – and how employers must take a more proactive role to encourage staff to seek financial advice.