What percentage of Australian employees struggle with financial wellbeing?

According to Wagestream's Australian State of Financial Wellbeing Report, almost 30% of employees run short of money for food and regular expenses, under 50% can save regularly, and almost 40% struggle to meet bills and commitments from time to time.

Do employers offer financial wellbeing tools to their employees?

There is a significant disconnect between employers and employees on this issue; 58% of employers believe they offer financial wellbeing tools, but only 36% of employees actually believe they receive them.

Would financial wellbeing programs improve employee retention?

Yes, one in two Australian employees would think more favorably of their employer and be more likely to stay with their employer if they were offered financial wellbeing tools, yet only 6% of employers plan to run such a program within the next 12 months.

Wagestream launches Australian State of Financial Wellbeing Report