November 19, 2020
Rising job insecurity during pandemic linked to mental distress
Employees facing increased job and financial insecurity at the onset of the pandemic suffered a wave of mental distress, according to research published by the National Centre for Social Research (NatCen). Rates of mental distress among employees were 60 percent higher in April than before the pandemic, and 50 percent higher in May, with significant increases both for employees who were furloughed and those who continued at work. More →
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The pandemic has totally shattered workplace norms, so it’s going to take a while before we see organizations returning to work at full capacity. When it does happen, it will require extensive planning and constantly evolving styles of people management. In addition to the logistics of phasing people back into the office and staggering shifts, you’ll need to work with your team to address their anxieties and make sure they feel comfortable in their environment. 
For a lot of employers, the idea of an employee financial wellness program can be something of an afterthought. That is, beyond providing fair pay and a clear policy regarding taxation and benefits, it can seem unnecessary to take any other action regarding employee finances. What’s becoming more and more apparent, however, is that employers do need to take a more active approach toward implementing employee financial wellness programs. 
