The survey found that compared with last year, there has been little change in the proportion of employees receiving a pay increase or the size of that increase. Despite the rising pressure on employee living standards, only one in four reported that their employer provided some form of financial education, advice or support to help improve their financial awareness/management of their financial affairs.

Our new guide for employers, Workplace financial education, shows that such initiatives can help employees better manage their financial affairs, resulting in an increase both in personal confidence and engagement with work.

See more information about our Employee Outlook series.

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