Helping Your Team Through the Cost of Living Crisis

We are living through unprecedented times and the financial circumstances of many people have changed for the worse.  Here are our 3 top tips to help out when your staff are struggling:

1. Normalise money conversations – this entails showing empathy and an approachable management style, even opening up about money challenges faced by the business can help staff feel like they’re not alone in their struggle.  
2. Educate the team in financial literacy – providing debt advice workshops, offering personal follow-ups in a private setting can give every employee a good chance at getting out of their financial predicament.  
3. Emotional support- recognise that money worries can severely impact mental wellbeing. Signpost individuals who are having a tough time to wellbeing support or employee assistance programs

For help and support in relation to your own specific circumstances, contact us today.