FINANCIAL WELLBEING IN THE WORKPLACE
Education is crucial
Financial Wellbeing in the workplace is providing the opportunity, space and guidance for your people to learn about how to uplift their own level of financial wellbeing.
PEOPLE ARE YOUR BUSINESS
Your employees physical, emotional and psychological stress levels impact their performance and presence at work. As an employer, you can help reduce stress by providing a fair salary and supporting your people to understand, build and maintain their financial wellbeing.
Our nations mental health crisis is only exasperated by rising financial pressures and now more than ever employees financial wellbeing is significant to business performance, with much research showing a clear business need to get proactive in this space.
WHAT DOES THE RESEARCH SAY?
62% of Australians struggling with their financial wellbeing are women.
ANZ, 2023
Over 12 hours a week are lost to stress related absenteeism and ‘presenteeism’ – employees working at lower productivity due to the effects of financial stress.
AMP, 2022
18-29 year olds productivity is most impacted by financial stress (31%),
with those 55+ least impacted (12%).
AMP, 2022
37% of Australians reported that cost of living pressure was the issue having the greatest negative impact on their mental health - more than any other issue in 2023.
Beyond Blue, 2023
Burdened by financial stress, workers are less safety focused, with 15-20% of workers saying they pay less attention to safety and risks.
AMP, 2022
46% of Australians struggle to pay for food and rent before payday.
Employment Hero, 2023
21% of employees are prevented from working productively by financial stress. This number has nearly doubled from 2020 - 2022.
AMP, 2022
Living costs, personal financial issues and the economy are 3 of the top 4 leading causes of stress in Australia.
NAB, Q4 2022
These reports and more are available in our Resources.
KEY BENEFITS
FOR THE WORKPLACE
A more productive and present team
Less absenteeism due to stress or anxiety
Lower staff turnover
More company and brand loyalty
Improved culture and connectedness
Improved customer experiences
More efficient, innovative and safe operations
FOR EMPLOYEES
Improved understanding of financial wellbeing and feeling confident with their money
More engaged, motivated, and present at work
Increased creativity, innovation, and productivity
Less stressed or worried overall
Contributing to an inclusive, positive workplace culture
Increased loyalty to their employer
Influencing, sharing support, and uplifting financial wellbeing of their peers
FINANCIAL WELLBEING STRATEGY & SERVICES
ENGAGE US TO BECOME A FINANCIAL WELLBEING PARTNER
You can get started by running a workshop or two ideal for team days, events, or lunchtimes.
Or work with us to design a strategy that suits your budget and business needs to make sustainable impact.
See more details below or book a call to discuss your business needs.
SERVICES MENU
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Workshops can be run for all employees or only for selected groups. They can also be opt-in or mandatory. Examples of how they could be incorporated include team offsite days, leadership training days, graduate events, talent program groups, womens events, etc.
90 MINUTE LIVE WEBINAR WORKSHOP $2,950 + gst
Introduces key concepts and resources
Delivered as a one-off 90 minute live webinar workshop over Microsoft Teams or Zoom ideal for team days and lunchtime learning.
- Provides participants tools and templates to work on their money life before and after the workshop.
- Promotional support available and templates provided for internal comms and the registration process.
- 6 week engagement including ~3 weeks pre-workshop marketing invitations & registration > hosting > 3 weeks post-workshop content recap and embedding email series.
Includes:
- Free 60 minute 1:1 Home Loan Optimisation Education Session for every participant
- Free 20 minute 1:1 Financial Wellbeing Call for every participant2-PART SERIES LIVE WEBINAR OR IN-PERSON WORKSHOP
Allows time and space to embed key concepts, resources, and make lasting change
Delivered as a 2-Part series 90 minutes x 2 live webinar workshops over Microsoft Teams or Zoom ideal for team days and lunchtime learning.
In-person option for Melbourne-based locations or for a travel fee.
- Provides participants tools and templates to work on their money life before, inbetween and after the workshops allowing for maximum opportunity for embedding and practical change.
- Promotional support available and templates provided for internal comms and the registration process.
- 7 week engagement including ~3 weeks pre-workshop marketing invitations & registration > host 1 > week inbetween > host 2 > 3 weeks post-workshop content recap and embedding email series.
Includes:
- Free 60 minute 1:1 Home Loan Optimisation Education Session for every participant
- Free 20 minute 1:1 Financial Wellbeing Call for every participantFINANCIAL WELLBEING WORKSHOP FOR MANAGERS
One-off workshop 90 minutes
Specific to managers, this workshop explores not only the core concepts of financial wellbeing but how to identify employees who may need support and how to address financial challenges within a workplace setting.HOW TO OPTIMISE MY HOME LOAN WORKSHOP
One-off workshop 90 minutes
This workhop covers home loan optimisation in detail including interest rate, loan term, loan features, repayment strategy, economic factors, and financial health.KIDS AND MONEY WORKSHOP
One-off workshop 90 minutes
This workshop is designed to highlight how we influence the financial wellbeing of our younger generation. It explores concepts such how our money stories, actions and conversations impact the young people who are watching and learning from us. -
The online course is centered around completing your own unique financial wellbeing plan, and personal spending plan with our provided templates. Guided videos and downloadable worksheets provided within the 12 steps give both a practical and behavioural approach to uplifting key areas of financial wellbeing.
WORKPLACE BENEFITS
Provide a financial wellbeing solution for all employees
Cater for employees unable to attend workshops
Employees can complete the course in their own time at their own pace, within 12 months
To attain a trial login for the online course please contact us. Pricing tiers are based on the number of employees.
See more about our online course.
TRIAL ACCESS & PRICING ENQUIRIES
Call 1300 385 896
Email team@themoneycollective.com.au -
As a financial wellbeing organisation we consult to assist workplaces creating their bespoke financial wellbeing strategy.
We are a financial wellbeing organisation providing workplace wellbeing services and support, designed to uplift financial wellbeing and positively influence culture within your organisation.
We can provide a survey to design your financial wellbeing strategy.
We support internal marketing communications.
To cultivate a financial wellbeing culture, this could include:
Train the trainer program fordedicated financial wellbeing officers
Manager upskilling workshops
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Customize services to suit your financial wellbeing strategy from our menu to have one place your employees go to for their financial wellbeing needs and information.
We provide a unique financial wellbeing page for your workplace hosted on our website, including tailored links, information, and promotions.
WORKPLACE BENEFITSNew Quick Tips and articles posted regularly
Ability to market and promote special financial wellbeing events
Regular reviews and flexible updates
Ease of workshop registration
Register interest for the next workshop
Reporting provided on number of page visitors
A place to ask for ideas and feedback
Contact us to discuss your business needs and strategy.
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Conducting a company-wide survey takes a snapshot in time of your employees assessment of their own financial wellbeing levels. It enables you to discover your employee profile. The report will provide analysis and breakdown of all areas of financial wellbeing that you can use to develop a bespoke financial wellbeing strategy.
Why survey?Highlight the productivity and stress impacts
Understand the current level of financial wellbeing of your employees
Determine whether or not you need a financial wellbeing strategy
Help you decide on what services to include within your financial wellbeing strategy
Cross referencing financial wellbeing survey results against other key people metrics can help draw further insight
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We help you plan a focussed Financial Wellbeing day, week or month, which may also form part of a broader wellbeing campaign. Services within a dedicated period could include:
Company-wide Financial Wellbeing Survey
Communications Plan
Live Webinar Workshop/s or in-person
Pop up booth in communal area/s
Book in for 1:1 support sessions
Reporting: Attendance, uptake and financial wellbeing survey results
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Free 60 minute appointment for every employee with a Mortgage Broker, to upskill and educate on how to optimise their home loan.
Available to all workplace workshop participants. -
20 minute financial wellbeing support call for employees with a Financial Wellbeing Coach.
Available to all workplace workshop participants, or POA based on number of employees if including this option in your Wellbeing Strategy.
Please note - this call does not replace your financial counselling or EAP service. -
Darlene Neu and Mel Pearce explore fundamental concepts of financial wellbeing in detail, providing examples and stories along the way. In their real and honest manner they present on topics such as;
Financial wellbeing and education
Gender equity and money
Money and relationships
Kids and money
Available online and in-person. Based in Melbourne. Available to travel within Australia for a fee.
Cost
Prices start at $2,950 + gst for an hours address. Please contact us to request a quotation. We recommend at least an hour, enabling time to impart key concepts and valuable ideas.
See more about our event speaking. -
Provide your staff 1:1 financial wellbeing support to complement a redundancy package.
These organisations trust The Money Collective
to provide FINANCIAL WELLBEING education and support
WHAT EMPLOYERS HAVE TO SAY
“One of the remarkable outcomes of these workshops was the boost in our employees’ confidence in handling financial matters.”
“The overwhelmingly positive feedback I received from our employees led us to take further action. I have invited Mel and the team from ‘The Money Collective’ to conduct a couple of drop-in sessions at our Civic Centre later in the year.”
“This newfound confidence has had a ripple effect, as our employees have engaged in meaningful conversations with their team members and even extended their insights and strategies to their family members.”
“I believe that their expertise in financial wellbeing can benefit a wider audience, and I am confident in recommending their services.”
“Overall, ‘The Money Collective’ has made a significant impact on our employees’ financial wellbeing.”
WHAT PARTICIPANTS HAVE TO SAY
“Cannot recommend them enough, gave actionable tips and tricks that have already been highly valuable.”
“I think the beauty is that quite a lot of people don’t think about things. You spend and you spend and don’t really budget properly week to week.”
“It showed us what behaviour change looks like and how do you do it. What we covered was enough to open our eyes to the decisions we make.”
“I liked to see the survey results to see that we’re all in this together.”
“The Money Collective provided valuable and insightful advice in a friendly, informative and non-judgmental manner.”
“I loved the way they approached identifying our relationship with money and debt. It was a real revelation.”
“The workshop provided down to earth advice, that gave me concrete steps I could take to better understand my financial health and wellbeing.”
“I loved how the hour just flew by and it was really informative.”
“Everyone should do it. It was just great, honestly.”
