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[ON DEMAND] - Trends and solutions: understanding financial wellbeing

By the end of 2024, consumers will be paying an average of £250 per month more, on their mortgages. This startling statistic is one of many provided by Experian's Strategic Delivery Director, Vicky McNab, on our July webinar.

Watch this 17-minute webinar presented by Vicky McNab, Experian's Strategic Delivery Director, on how a data-led approach to employee wellbeing can mitigate the impact of the current economic outlook on workers across the pay spectrum.

Key takeaways:

  • There are 100 million more credit cards with a balance than there were a year ago
  • 44% of consumers have had to dip into their savings to make ends meet
  • 54% of workers have less than £1000 in savings
  • Mortgage holders will be paying £250 more per month by the end of 2023

But with 52% of adults saying they don't feel comfortable talking about money, how can employers best approach this support for their employees?

Watch this video to learn how to diagnose the issue, engage and educate your employees, and what tools and interventions are available to support your workforce through these challenging times.

How PayDashboard can help

PayDashboard's interactive cloud payday experience supports your financial wellbeing initiatives by giving employees the power to maximise their net pay. Enjoy up to 40% more engagement with your employees at a time when they are most engaged...on payday! We will soon be launching our mobile payday app which will enable you to bring employees their remuneration, pay, credit scores and access to government benefits together into one simple app. Whether your employees are office-based, remote or gig workers, the PayDashboard mobile app will boost engagement and financial resilience across your workforce.

If you are looking for ways to support your employees across the pay spectrum, get in touch with us to find out how we can support you. Want to see the platform in action? Book a demo at a time that is suitable for you and we'll do the rest.

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