urnout? Stress? Yes, they matter.
But the silent driver of poor health and low performance is financial insecurity.
While we invest millions in gym memberships and therapy apps, our employees are losing sleep over mortgage payments, skipping meals to save money, taking side hustles that drain their energy, and making healthcare decisions based on cost, not need. The result? Lower productivity, higher turnover, and wellness programs that treat symptoms instead of causes. Here’s why leaders should care:
→ Only 1 in 2 Europeans can answer basic financial questions.
→ Financially stressed employees take 34% more sick days.
→ Their healthcare costs are 46% higher.
→ And yet, Europeans are sitting on €11.5 trillion in low-yield savings accounts, 32% of household wealth eroded by inflation.
And here’s the opportunity hiding in plain sight. When financial literacy improves by just 10 points:
- 13% more people save strategically.
- 7% make smarter borrowing decisions.
- 6% feel confident about retirement.
- 4% fewer live paycheck-to-paycheck.
This isn’t about higher salaries.
It’s about helping employees do more with what they earn.
At Coverflex, we’ve seen it first-hand: when people feel financially secure, stress drops, decisions improve, and performance soars.
The real competitive edge? Companies that tackle financial wellbeing today will define the future of work. Companies addressing financial wellbeing see a 28% reduction in employee turnover and 2.3x higher engagement scores. Yet, only 23% of organisations have comprehensive financial wellness programs. The companies that get this will win the talent war. While others compete on ping-pong tables and free snacks, smart leaders are building programs that actually change lives: financial literacy workshops that stick, emergency fund matching programs, personalised financial coaching, and tools that make money management effortless. This isn’t about being nice; it’s about being strategic.
Financial security isn’t just an employee benefit: it’s a performance multiplier.
If you could solve one thing that would boost performance, reduce turnover, AND improve employee wellbeing, wouldn’t financial security be worth the investment?
