Have you considered how you can support your employees or team with their financial goals?
A financial coach could be the answer! Money worries are no longer just a personal issue; they’re a workplace issue.
Recent research from WEALTH at Work shows that employees across the UK face growing financial pressure. This affects well-being and productivity, presenting both a challenge and an opportunity for employers.
Money worries affect work performance.
The data is clear:
- 36% of employees say money worries increase stress levels
- 34% report mental exhaustion
- 23% experience reduced motivation
- 20% struggle with focus and concentration (wealthatwork.co.uk)
Financial strain is also influencing behaviour:
- 46% are cutting back on spending
- 38% are shopping around more
- 18% have taken on debt
- 25% are working more overtime just to cope
Perhaps most tellingly, only around 13% of employees would actually seek help from their employer, even when struggling. This highlights a critical gap that employees need support, but many don’t know where to turn.
Financial coaching offers valuable support.
Financial coaching can transform the workplace.
Unlike traditional financial advice, a financial coach focuses on behaviour, confidence, and practical action, helping employees take control of their money in a way that feels achievable.
Here are the key ways a financial coach can support your people:
Reducing financial stress and mental load
Money worries don’t stay at home; they follow employees into work.
A financial coach helps individuals clearly understand their financial situation, break problems into manageable steps, and create a sense of control and direction. This reduces anxiety and mental overwhelm—two of the biggest contributors to lost productivity.
Creating a safe space to talk about money
Research shows many employees feel supported but rarely speak up. A financial coach offers confidential, independent guidance and a safe place to ask questions.
This removes stigma and encourages earlier intervention—before problems escalate.
Building better financial habits
Many employees want to improve their finances, but struggle with consistency.
For example:
- 37% say building an emergency fund is a priority
- Yet 15% admit they forget to save regularly.
A financial coach helps turn intention into action by creating simple, realistic plans and building habits around saving, budgeting, and accountability.
Supporting debt management and spending behaviour
With living costs rising, more employees are taking on debt or working extra hours. Financial coaching helps them understand spending, develop repayment plans, and make confident decisions, reducing long-term vulnerability.
Encouraging long-term financial planning
Short-term survival often comes at the expense of long-term planning.
The research shows:
- 30% worry they won’t be able to afford retirement
- 32% say saving for retirement is a top priority
A financial coach helps employees rebalance short-term and long-term goals. Understand pensions, savings, and investments and build confidence in their financial future.
Improving productivity and engagement
When employees feel financially secure, they focus better, stay motivated, and are less likely to be absent. Financial well-being is now essential for business performance.
Why employers should act now
The cost-of-living crisis has changed the landscape.
Employees are more financially cautious, overwhelmed, stressed and distracted.
Despite stress, employees want to build resilience and save. In my talks, I find many welcome relevant supports. Employers who introduce financial coaching strengthen their organisation and individuals.
Financial coaching isn’t about giving advice; it’s about giving people confidence.
And in today’s climate, that confidence is invaluable.
When employees manage their money well, they perform better and feel more positive about the future.
For businesses, my message is simple.
Support your people financially, take action now by offering financial coaching as part of your employee benefits. Begin by exploring reputable coaching providers and communicate this available resource to your staff. Supporting your team’s financial well-being is an actionable way to support your business commercially.
I run workshops both in person and online and can offer one off talks and courses with course materials.
Get in touch with me Diane@shecanprosper.com for more details
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