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Financial stress and its impact on professionals
In this special episode, brought to you by Lawyers Weekly’s sister brand, HR Leader, money and wellness coach Marc Bineham joins to give his expertise in the often-overlooked area of wellness: financial wellbeing. In the current economic climate, financial stress plays a key influence on workplace wellbeing. Interest rates, inflation, and a rising cost of living have taken their toll on the population, prompting the need for intervention.
Robyn Tongol
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This stress doesn’t just negatively affect the individual; it can translate into a staggering loss of productivity for organisations and the wider economy. Businesses can assist their employees by implementing financial wellness policies.
Mr Bineham touches on the stigma surrounding money discussions and how people are more comfortable sharing personal life details than their financial status, a cultural trait that hinders open conversations about financial health. He advocates for a cultural shift, similar to campaigns encouraging open discussions about mental health, to normalise financial wellbeing discussions.
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