How can companies support employees' financial comfort?

New segment of employee benefits.

The word "wellbeing" is now used in many contexts in the workplace. Employer concern for employee health has gained significance—there is increased interest in private medical care subscriptions. Employers have recognized the need to provide psychological support for their employees. Due to crisis situations, more employees are taking sick leave, often long-term. The market is currently seeking solutions in this area, although the freedom to utilize these solutions still depends on the level of trust employees have in their company.

For daily physical fitness, companies are helping not so much through sports cards, which have lost significance for obvious reasons, but by offering paid online training and access to entire fitness portals and apps. The offering of low-interest financial products is also becoming increasingly important, including short-term loans for unexpected expenses that are endorsed by employers. Employees cite financial assistance as one of the more significant benefits an employer can offer. They indicate they would be more inclined to take advantage of an employee loan on attractive terms rather than any other type, likely due to the level of trust in their employer. Some employers provide support loans directly using the Social Fund, while others focus on new financial products offered by financial institutions.

In the Nais cafeteria, our clients have access to affordable loans offered by PZU Cash. This solution allows employers to offer loans to employees who need financial assistance or want to consolidate their existing debt at a lower rate. Employees can handle all the formalities online in a user-friendly manner, with the employer deducting the loan repayments from their salary, and all necessary documents and consents provided via the Nais mobile app.

There is also an option in the cafeteria where the employer does not participate in the process. Employees apply for the loan online and manage the repayment themselves—this comes with a slightly higher loan cost but remains highly competitive in the market. However, many employers still view any form of employee indebtedness unfavorably, though, according to the report, employees are still making these choices. Finances are among the top three stressors, following health and family relationships. Gradually, in Poland as well, a trend towards financial wellbeing is emerging and is being reflected in employee benefits. It has already found its place in employee expectations.

The full report can be ordered at kontakt@portalcash.pl.

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