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What is financial wellbeing?

Financial wellbeing means having a healthy relationship with your finances by understanding how you can mindfully spend and save your money.

By having financial security, you enjoy genuine freedom to make choices you love – both now and in the future.

How financial wellness is affecting your employees

According to studies,

46%

of workers spend at least three work hours each week thinking about their finances

53%

of workers admit to feeling stressed about their finances.
Poor financial wellbeing costs Australian businesses

$33 billion per annum

.
Nearly

1

in

3

employees admit to being distracted in the workplace because of their finances.

Our Workplace
Financial Wellbeing Program

Improve your team's financial wellbeing with our corporate Financial Wellbeing Program.

Nurturing quality financial wellbeing education in your workplace is an investment in building a better workplace culture – and that means better business.

Tailored to your team's needs

We get to know your workplace before your Financial Wellbeing Program begins, allowing our Advisors to tailor their presentation to your workplace’s needs and interests.

A healthier workforce

Employees that take place in wellbeing initiatives have less sick days on average than those who do not participate.

Improve retention rate

Less financial stress means happier and more productive employees. This adds to the culture of your workplace and results in an improved retention rate.

1-on-1 sessions with an Advisor

Depending on your requirements, we can also offer your team individual sessions with one of our Advisors.

Financial wellbeing education sessions

Before committing to one of our financial wellbeing programs, we are happy to walk you through strategies for better financial wellbeing education, one session at a time. Our sessions cover a range of topics which our Advisors can tailor for your workplace.

Book a financial wellbeing session for your business today and enjoy the benefits of advice and support that is customised for your business and your team’s needs – to help your business perform better.

Session2

Understanding Financial Wellbeing

An introduction to the concept of financial wellbeing and the impact poor financial wellness can have on our lives.
Session3

Mind Over Money

Breaking down the stigma around talking about money and understanding mindset techniques that can help you stick to – and achieve your financial goals.
Session1

Mastering Your Cashflow

Cashflow is a key determinant to financial wellbeing. This session shows employees how to quickly save money, as well as what a good cashflow plan looks like.
services, tribeca financial, melbourne financial advice

Growing and Protecting Your Wealth

Our ability to earn income is one of our greatest assets. We’ll dive into the importance of insurance as well as take a look at how to choose investment options based on your lifestyle.

We have worked with

Envato Logo
Fuse Recruitment Logo
HCF logo
Hello Monday Logo
Hudson Logo
Melbourne Football Club Logo
Pexa Logo
Pinnacle Health Group Logo
Rabobank Logo
Sparrows Logo
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Financial Wellbeing Program FAQ

Financial wellbeing is a state of being where a person can fully meet their current and ongoing financial obligations, can feel secure in their financial future, and is able to make choices that allow enjoyment of life. At Tribeca Financial, we believe financial wellbeing means freedom from financial stress and the ability to live your Good Life. Employees with a heightened level of financial wellbeing are likely to be more settled and productive both in their personal life and at work.

Apart from the mental health benefits of supporting an employee’s financial wellbeing, studies have shown that financial stress in the workplace can have a major impact on overall efficiency and productivity. For example, nearly one in three employees report being distracted at work because of their finances, with poor financial wellbeing costing businesses in Australia $33 billion per annum.

Cost of living expenses such as interest rate rises, food costs and escalating petrol prices can place significant pressure on personal finances and wellbeing. Exacerbating this can be a person’s level of debt, savings and income. Other stressors could also include historic financial challenges due to bankruptcy or job loss. Employers can play a vital role in providing their employees with support and education to increase their financial literacy and wellbeing.

The link between financial stress and mental wellbeing is undeniable. Research has revealed that 53% of workers admit to feeling stressed about their finances, and this can severely impact their life at home and at work. Employers who offer programs to help their team members take greater charge over their finances – from educational resources to financial planning assistance – are likely to enjoy the benefits of a more resilient and well-functioning workforce.

The stats don’t lie when it comes to the benefits of a wellbeing program in the workplace:

  • 95% of workplaces with high levels of wellbeing provide great customer service
  • 60% of employees regard wellbeing programs as a good reason to remain with their employer
  • a well managed wellbeing program can increase employee engagement anywhere from 7% to 55%

Implementing a financial wellbeing program at your workplace helps employees better manage their finances, creates greater productivity, reduces absenteeism, and improves workplace financial literacy and awareness.

Studies have shown wellbeing programs can save employers money through:

  • decreasing sick leave absenteeism by 25%
  • decreasing workers compensation costs by 40.7%
  • decreasing disability management costs by 24.2%
  • saving $5.81 for every $1 invested in health and wellbeing

At Tribeca our financial wellbeing program is customised to meet the unique needs and interests of your organisation. We offer both group and one-on-one sessions and can scale our program to suit your budget and ongoing requirements. Please speak to one of our Tribe if you would like more information or to arrange a detailed proposal.

Although each program is tailored to suit the needs and budget of each organisation, our financial wellbeing program can consist of:

  • Group sessions covering topics such as understanding financial wellbeing, money scripts, goal setting using our 10/3/now process, cashflow management, investment, modelling (looking into the future), 5 L’s – Live, Love, Learn, Laugh and Legacy and how to protect your health and life.
  • Oneon-one coaching sessions where our advisers create a plan to suit the financial and life goals of your team members. We encourage partners, a significant other, parent or sibling to attend too. It’s the first step in the journey towards creating your Good Life. It’s designed to be a deep dive into your team member’s goals, hopes and dreams.
  • Resources such as our Tribeca Tracker app, helpful tools and guides and exclusive access to Tribeca’s eBooks, Guides and downloadables.

The number of sessions and duration of the program is entirely up to you. We are happy to tailor our program to suit your specific timing and budget requirements. 

We are more than happy to run our sessions online if an employer would prefer to run the program in this way (or workplace access is not permitted due to current restrictions). We find face-to-face sessions can build stronger relationships and educate more effectively through greater interaction. 

It’s easy. Simply call 1300 388 285 or enquire here and one of our Tribe will take you through Tribeca’s financial wellbeing program and put together a proposal tailored for your organisation.