{"id":296,"date":"2020-05-27T15:40:57","date_gmt":"2020-05-27T14:40:57","guid":{"rendered":"http:\/\/www.redstareducation.co.uk\/blog\/?p=296"},"modified":"2020-05-27T15:40:57","modified_gmt":"2020-05-27T14:40:57","slug":"the-importance-of-workplace-financial-well-being","status":"publish","type":"post","link":"https:\/\/www.redstareducation.co.uk\/blog\/the-importance-of-workplace-financial-well-being\/","title":{"rendered":"The Importance of Workplace Financial Well-being"},"content":{"rendered":"<p><strong><em>\u201cMoney and mental health are often linked. Poor mental health can make managing money harder and worrying about money can make mental health worse. People need advice and support for both.\u201d\u00a0<\/em><\/strong><strong><em>Paul Farmer \u2013 CEO, The Mind Charity<\/em><\/strong><\/p>\n<p>Mental Health Awareness Week highlighted the strong commitment UK employers clearly hold with regards to the Mental Health and the Well-being of their staff. Red Star Education works with employers to support staff specifically in terms of\u00a0Financial Well-being, which research shows can make the biggest contribution to positive mental health.<\/p>\n<ul>\n<li><strong><em>70% of the UK\u2019s workforce spend a fifth of their time at work worrying about their finances. This costs the economy around \u00a3120 billion per year<\/em><\/strong><\/li>\n<li><strong><em>\u00a0<\/em><em>55% of employees said that experiencing financial pressure affects their ability to perform effectively in the workplace, whilst more than 50% would value support from their employer<\/em><\/strong><\/li>\n<li><strong><em>\u00a0<\/em><em>A series of recent studies places financial stress as the number 1 stress for UK workers ahead of concerns for health and work-life balance. 69% employees said they feel worried or stressed about their financial situation &#8211; this is their number 1 worry<\/em><\/strong><\/li>\n<li><strong><em>\u00a0<\/em><em>Almost three in four Brits (74%) have been so stressed at least once over the last year that they\u2019ve felt overwhelmed or unable to cope. 32% say financial worries affect their ability to sleep on a regular basis<\/em><\/strong><\/li>\n<li><strong><em>\u00a0<\/em><em>Debt and mental health have closely related links in both directions. People who have debt problems are twice as likely to develop a common mental health disorder<\/em><\/strong><\/li>\n<\/ul>\n<p><b>FINANCIAL WELL-BEING\u00a0in the workplace<\/b><\/p>\n<p>Red Star Education has been delivering Financial Well-being in the Workplace courses to employers of all sizes for 5 years and we would like to introduce the potential for these courses right now, via online mediums for your staff teams \u2013 whatever their current circumstances.<\/p>\n<p style=\"text-align: center\"><b>Support your staff with Financial Well-being\u00a0at a time they need it most<\/b><\/p>\n<p><b>FINANCIAL WELL-BEING\u00a0on Furlough<\/b><\/p>\n<p>Chances are you don\u2019t want your staff to be on Furlough, nor them, so why not use this time to provide them with some excellent Financial Well-being support at a time they need it most.<\/p>\n<p><b>Our 1-hour Financial Well-being\u00a0on Furlough courses cover:<\/b><\/p>\n<ul>\n<li>Explaining what Furlough means personally &amp; professionally<\/li>\n<li>Rules \u2013 the can\u2019s and cant\u2019s on Furlough<\/li>\n<li>How tax may be affected by Furlough, and what other income or employment is permissible during this time<\/li>\n<li>Budgeting principals and tools for now and the future<\/li>\n<li>Practical tips and tools for looking at things you can do to support your financial well-being over the next 12 months<\/li>\n<li>Practical tips and tools to access support from mortgage providers, landlords, banks, credit cards, loans, car finance, household bills, council tax etc<\/li>\n<li>How to prepare yourself positively for financial shocks now and in the future<\/li>\n<li>Early retirement options you may be able to consider<\/li>\n<\/ul>\n<p><b>FINANCIAL WELL-BEING\u00a0for Employees being made Redundant <\/b><\/p>\n<p>If you are in the unenviable position where you are having to make redundancies, you can provide your staff with the support they desperately need and do everything you can to support them financially through what will be one of the most difficult times of their lives.<\/p>\n<p><b>Our 1-hour Financial Well-being\u00a0through Redundancy courses cover:<\/b><\/p>\n<ul>\n<li>Tax and redundancy<\/li>\n<li>Your pension and redundancy<\/li>\n<li>How to prepare yourself positively for redundancy<\/li>\n<li>Budgeting principals and tools for now and the future<\/li>\n<li>Practical tips and tools for looking at things you can do to support your financial well-being over the next 12 months<\/li>\n<li>Practical tips and tools to access support from mortgage providers, landlords, banks, credit cards, loans, car finance, household bills, council tax etc<\/li>\n<\/ul>\n<p><b>FINANCIAL WELL-BEING\u00a0in the Workplace<\/b><\/p>\n<p>For those employees who are working \u2018as normal\u2019 this is undoubtedly one of the most financially and personally stressful periods of their career, so why not give them access to our traditional Financial Well-being in the Workplace course. Our course covers:<\/p>\n<ul>\n<li>Budgeting principals and tools for now and the future<\/li>\n<li>Understanding your workplace pension<\/li>\n<li>Practical tips and tools for looking at things you can do to support your financial well-being over the next 12 months<\/li>\n<li>Practical tips and tools to access support from mortgage providers, landlords, banks, credit cards, loans, car finance, household bills, council tax etc<\/li>\n<li>Staying in control of your life &#8211; how to prepare yourself positively for financial shocks now and in the future<\/li>\n<\/ul>\n<p><b>Bespoke Financial Well-being\u00a0Sessions<\/b><\/p>\n<p>Usually we work with companies to tailor our Financial Well-being courses to the demographic of their particular staff base and we are still able to do that if you would like us to (e.g. younger work forces usually request learning about getting on the housing market \/ different rent lease options \/ starting a pension whilst more experienced work forces often request support on getting ready for retirement).<\/p>\n<p><strong>Informal, Interactive, Fun <\/strong><\/p>\n<p>Not words often associated with Financial Well-being Training but, our work with over 40 professional football clubs around the UK has made us experts in engaging our audiences positively to ensure the very best learning is achieved by them all.<\/p>\n<p>All of our courses include a range of:<\/p>\n<p>Direct information | Group interaction | Competitive Quizzes | Learning resources to take away<\/p>\n<p><strong>Our promise to you<\/strong><\/p>\n<p>Red Star Education does not \u2018sell\u2019 anything to participants. We are not an accountants firm or legal firm where our advice is linked to products or services we are pushing clients to take up with us &#8211; this is why we have been so successful over the last 5 years<\/p>\n<p>We offer top quality, independent information \u2013 with no up sells, cross sells, or complicated wording and jargon. We care about the same as you \u2013 the well-being of your staff.<\/p>\n<p><strong>We are experts in the subjects of Financial\u00a0<\/strong><b>Well-being,<\/b>\u00a0and teaching diverse groups about it. Across our wider work we deliver courses extensively to groups under the age of 18 right through to people well past their retirement age.<\/p>\n<p>We have worked with over 40 professional football academies to train their youth squads about Financial Well-being and we apply the same principles to them as we do to our corporate clients:<\/p>\n<ul>\n<li>Teaching about Financial Well-being \u2018in the real world\u2019, with easy to understand language<\/li>\n<li>An independent, safe, supportive, engaging and trustworthy environment for discussions<\/li>\n<li>Providing simple to use but really important tools to think about your finances and manage them effectively<\/li>\n<li>Opportunities for following up technical questions through our specialist team or by signposting you to external organizations, as appropriate<\/li>\n<\/ul>\n<p>Our course leaders all have Financial Qualifications and Teaching Qualifications. We pride ourselves on delivering quality and it is based on years of qualifying and experience.<\/p>\n<p>For more information and a price guide get in touch with us via email: office@redstareducation.co.uk<\/p>\n<p>Or call us on: 01253 486346<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cMoney and mental health are often linked. Poor mental health can make managing money harder and worrying about money can make mental health worse. People need advice and support for both.\u201d\u00a0Paul Farmer \u2013 CEO, The Mind Charity Mental Health Awareness Week highlighted the strong commitment UK employers clearly hold with regards to the Mental Health [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Importance of Workplace Financial Well-being - Red Star Education Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redstareducation.co.uk\/blog\/the-importance-of-workplace-financial-well-being\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Importance of Workplace Financial Well-being - Red Star Education Blog\" \/>\n<meta property=\"og:description\" content=\"\u201cMoney and mental health are often linked. 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