The number of employees in financial distress is rising: approximately 80% of employees are impacted by money worries at work and 57% say financial worries are the biggest cause of mental stress.We also know that those who are feeling financially stressed but who don’t feel supported by their employer are twice as likely to look […]
The intersection of diversity, equity, and inclusion (ED&I) and financial wellbeing is a critical issue that’s often overlooked. The harsh reality is that certain employee groups experience a disproportionate burden of financial stress with regards to pay and pension. Women and ethnic minorities, for example, often face significant financial disadvantages compared to their peers. Additionally, […]
Measuring employee financial wellbeing is crucial for organisations seeking to improve employee satisfaction, productivity, and overall well-being. Research from PIB’s 2024 Wellbeing Revolution Report shows that a staggering 50% of corporate employers don’t have the data to make informed decisions on future employee benefit strategies. Understanding employees’ financial situations provides valuable insights into their needs […]
By Catherine Thomas-Humphreys (www.thefinfluencer.co.uk) Think of an investing platform simply like a financial supermarket. In the same way you go to Tesco to buy all your food, you go to a platform to buy your investment account and then the investments within that account. It’s an online service that an investor can use in order […]
In our first two blogs on the topic of the cost of living crisis (1,2), we’ve highlighted why this turbulent time might be difficult for your employees, and some practical steps you can take to support them. But short-term solutions might not be enough. With the possibility of a long-lasting crisis ahead of us, putting […]
Unsure whether to rent or think about buying? Check out our post to help you decide. […]
This article is by Heng Chew, our intern from Sheffield University. Just over two years ago, the World Health Organization declared the Covid-19 outbreak a pandemic. Now, the aftershocks of the pandemic continue to rock the global economy. The crisis forced governments, firms, workers, households and individuals to reflect on their working culture and resilience […]
The cost of living crisis is becoming hard to ignore. We’re facing higher energy bills, higher food costs, and rising inflation, all of which can pose serious risks to our financial, physical and emotional wellbeing. All of this can have a major impact on performance at work, making it a potential problem for employers. But […]
We always get told that our credit score is important, but what exactly is it and why should we care about it? […]
Your workplace pension scheme is probably one of the most expensive benefits you offer your employees. In fact, the average employer contributes £1,305 per employee, per year! Because, in most cases, it’s a mandatory expense, many employers don’t even think about whether employees engage with their pension. But leaving it to one side runs the […]
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Maji is the trading style of Maji Financial Wellbeing Ltd, a company registered in England and Wales (Registration no. 11937232). Maji Financial Wellbeing Ltd is registered with the Financial Conduct Authority (Registration no 969225) as the PSD agent of Bud Financial Ltd (Registration no 793327).
