Search
Sluiten
      No results found
      Bekijk alle zoekresultaten
      EN
      NL FR
      Go back

      What if your employee has financial problems?

      30 November 2022 Ellen Van Grunderbeek Employers
      #Social legal advise #Well-being at work

      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?

      Reading time: Read later?

      Be alert

      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:

      • Your employee no longer eats with other colleagues.
      • Your employee is quieter than usual.
      • Your employee comes to the office less (in his private car).
      • etc.

      Recognise and break the taboo

      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:

      1. Name the behavioural change.
        I notice that lately you don't join us for dinner.
      2. Indicate why you want to engage in conversation about this.
        That's why I worry about you.
      3. Offer security and confidentiality, make sure no one can listen in.
        If there is something, and you want to share it with me, I promise you that will stay between us.
      4. Actively listen to the answer.
        Ask additional questions for clarification, interact (nod), summarise, make eye contact and take time for the conversation.
      5. Pay attention to body language.
        Do his eyes tell the same story as his words? For example, "Yes, everything's fine", while your co-worker avoids eye contact.

      So you don't have to provide solutions during this conversation. You offer a listening ear, and sometimes that is enough.

      Point the way to support

      In other cases, you may need to refer your employee to agencies and/or support services.

      Give your employees a financial boost

      You can also give your employees a (financial) boost themselves. Some ideas:

      • free soup and/or drinks or a fruit, vegetable or nut basket in the workplace;
      • discount on products/services you sell/manufacture yourself as a company;
      • an advance on the end-of-year bonus;
      • a free loan or a loan at reduced interest rate;
      • fringe benefits such as a meal voucher or eco voucher;
      • etc.

      Company in difficulties?

      These are not easy times. Find out how to create financial breathing space as a business.

      Contact us

      Share this post

      Written by Ellen Van Grunderbeek

      Legal advisor at Acerta

      Related articles

      Employers

      The Whistleblowing Directive: deadline approaches

      16 November 2023 Miet Vanhegen

      The European Whistleblowing Directive now also applies in Belgium. Organisations with at least 50 employees have been required to set up an internal reporting system since 15 February 2023. Does your company’s workforce range from anywhere from 50 up to 249 employees? In that case, you still have until 17 December 2023 to set up a whistleblower re...

      Read more
      Employers

      The mobility budget is to have an official calculation formula

      19 October 2023 Karolien Van Herpe

      Good news for companies that wish to implement the mobility budget: the government has published an official formula to calculate the amount of the annual mobility budget. This comes with a view to raising transparency in order to hopefully further increase mobility budgets.

      Read more
      Employers

      Purchasing power bonus as a little extra employee perk

      11 October 2023 Ellen Van Grunderbeek

      After the corona bonus, at the end of 2022 the federal government decided that companies that turn a handsome profit should be allowed to pay their employees a one-off purchasing power bonus. This little extra comes in the form of consumption vouchers. Find out why it is a rewarding decision for employers to award the bonus.

      Read more