The economic landscape in the UK continues to present its challenges. With fluctuating inflation and the ever-increasing cost of everyday essentials, many employees are feeling the strain on their wallets. And as the Chartered Institute of Personnel and Development (CIPD) has highlighted, poor financial wellbeing isn’t just a personal matter; it has significant implications for the workplace too.
Think about it: when employees are constantly worrying about money, it can lead to increased absences and presenteeism. Staff might be too stressed to come into work, or if they do, their minds could be elsewhere, preoccupied with personal finance issues. The CIPD’s Good Work Index survey revealed that a considerable proportion of employees have experienced a negative impact on their work performance due to money worries, a figure that rises even higher for those on lower incomes. This can manifest as loss of sleep, stress-related health problems, and difficulty concentrating or making sound decisions, all of which ultimately affect productivity.
So, what can employers do to support their staff through these financially challenging times? Increasingly, organisations are recognising the crucial role they play in fostering their employees’ financial wellbeing. And that’s where innovative solutions like ChargeWorks come into the picture as a powerful employee benefit.
ChargeWorks offers employees something truly valuable: expert-led, one-to-one energy consultations. This isn’t just generic advice; it’s bespoke and impartial guidance designed to empower employees to take control of their home energy use. By focusing on energy efficiency and the potential of renewable technologies, ChargeWorks directly tackles a significant area of household expenditure.
But how does this translate into tangible financial wellbeing? The answer lies in the real savings that employees can achieve. ChargeWorks provides the expertise to help individuals reduce their energy costs, putting more money back in their pockets and easing financial pressures.
Our case studies have shown some impressive results, including average savings of £3,000 on solar installations due to the impartial advice provided. We’ve seen employees manage to save a staggering £7,000 thanks to ChargeWorks’ guidance. The feedback from employees who have used the service speaks volumes, with many directly attributing significant financial savings to their consultations.
This proactive approach aligns perfectly with the CIPD’s recommendations for employers looking to support their employees’ financial wellbeing. By helping employees stretch their earnings through reduced energy bills, ChargeWorks directly addresses a key area where individuals are feeling the pinch. Furthermore, ChargeWorks acts as a valuable and trustworthy source of financial information and guidance in the often-complex world of green energy.
The ChargeWorks service can also bring broader benefits to your organisation. It demonstrates a genuine commitment to your employees’ overall health and wellbeing, of which financial security is a vital component. This can lead to improved employee commitment and motivation, as staff feel valued and supported. In today’s competitive labour market, providing such a relevant and impactful benefit can also enhance your employer’s reputation, making you stand out as an organisation that truly cares about its people. There’s a clear business case for investing in financial wellbeing, and ChargeWorks offers a smart and effective way to do just that.
In conclusion, ChargeWorks is more than just an energy consultation service; it’s a powerful tool for enhancing your employees’ financial wellbeing. By providing expert, impartial advice that leads to significant energy cost savings, ChargeWorks directly addresses the financial pressures many employees are currently facing. It aligns with CIPD’s best practices for employer support, contributes to a broader wellbeing strategy, and can ultimately boost employee engagement and your organisation’s reputation. Perhaps it’s time to consider how ChargeWorks can empower your employees and demonstrate your commitment to their financial future.
If you’d prefer to simply pick up the phone, you can always call us on: 07874804908 during working hours, or text us using WhatsApp anytime or email info@chargeworks.co.uk
We’re based in Oxford and Devon but work nationwide.
