These are challenging times for you as an employer, but your employees also have financial challenges today. These challenges can give rise to fear and anxiety, which can have a negative impact on psychosocial well-being. How do you recognise employees with financial problems? And how can you deal with that in your organisation?
Talking about money worries is mostly taboo. Chances are slim that your employee himself will cite financial problems. Try to be alert to signs, certain behavioural changes, that may be there with money problems. For example:
Do you suspect your employee has financial problems? Then try to have an open conversation , leaving out assumptions and (pre-)judgements. We give you a guide for your conversation:
So you don't have to provide solutions during this conversation. You offer a listening ear, and sometimes that is enough.
In other cases, you may need to refer your employee to agencies and/or support services.
You can also give your employees a (financial) boost themselves. Some ideas:
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