More than half (55%) of British workers want employers to help them with financial planning, research suggests.
The poll of 10,000 employees from Neyber found younger staff are particularly keen to get more support from the businesses they work for.
More than 72% of 18 to 34 year-olds said they would value financial planning information and help. By contrast, just 25% of those who were 65 and older wanted help.
Heidi Allan, head of employee wellbeing at Neyber, said many businesses have previously been reluctant to get involved with financial education for employees because they were worried it could be seen as intrusive or unwelcome.
“What our research clearly shows is that most people want more help. Employers need to stop thinking of employees’ finances as a taboo subject and look at new ways to guide them – whether that’s providing information, education, or products and services which help staff manage their finances,” she stated.
The poll also found a third (34%) of employees have less than a month’s salary set aside. Of those, 14% have no savings whatsoever.
Nearly one in five (18%) employees are not saving any of their monthly salary.
“The savings shortfall means that many people in the UK would be unable to cope with an unexpected income shock, such as divorce, bereavement, redundancy or illness,” Allan warned.