Employees’ Financial Wellbeing Is Good For Business

Employer news
9 March 2023

Increased cost of living is the number one issue facing many Australians today. It's also likely affecting the emotional and financial wellbeing of your employees. 
As an employer, you can play an important role in helping your staff to have confidence in their finances today and for the future. We understand this responsibility can feel particularly overwhelming during periods of economic uncertainty, which is where we can help.

Financial wellbeing explained

Financial wellbeing can be broadly defined as having enough money to meet your current commitments and needs comfortably today and maintain this into the future. 

How financial wellbeing affects the workplace

Financial insecurity can cause stress and anxiety, affecting your employee’s ability to concentrate as well as impacting their productivity. They might worry about everyday expenses like their mortgage or rent, bills and putting food on the table. They may also worry about their future, including saving for retirement or a lack of retirement savings.

Financial pressure can also be reason for an employee to start looking for a new job or a second job that could divert attention from their primary employer.

Supporting your employees

Our dedicated team is here to support your employees to understand their finances and super so they can achieve financial wellbeing. We can work with you to help your employees feel more confident by providing the following services:  

  • Financial advice
    We can help your employees with super-related advice over the phone* at no extra cost. This type of financial advice is part of their CareSuper membership. They can receive advice about insurance in super, investment choice, income projections, goal setting and more.
  • Online education tools 
    Our online education tools and calculators can help your employees understand financial basics like budgets and how super works. Plus, they can learn at their own pace.
  • One-on-one support
    Your employees can book a one-on-one session with your relationship manager. Our relationship managers can help your employees with questions about their super and setting and achieving financial goals.
  • Super education and seminars 
    In 2022, we conducted over 56 workplace seminars (face-to-face in the workplace and online) to more than 1000 employees, helping to improve financial literacy and set your employees up for future financial success. We cover topics like insurance through super and choosing your investment options. 

Contact your relationship manager to discuss your options and book a workplace seminar. 

We specialise in super, so you don’t have to 

Remember, your dedicated relationship manager is here to support you. Get in touch today.


*Financial advice obtained over the phone or through MemberOnline, is provided by Mercer Financial Advice (Australia) Pty Ltd (MFAAPL) ABN 76 153 168 293, Australian Financial Services Licence #411766.