With so many of my colleagues on their last leg of a “dry January”, I have been reflecting lately as to why this month is so often seen as a gruelling one. As this report highlights, with over 9 million working days lost due to work-related stress, depression or anxiety in the UK, there is an increasing need for organisations to focus on wellbeing in the workplace.

This is a great example of how five key steps to improve physical environment and a focus on employee wellness can have a positive impact on employee morale, engagement, retention and productivity.

It’s important to highlight that wellbeing strategies that focus only on physical and mental wellbeing are missing a key piece - financial wellbeing. Without it, overall wellbeing cannot be achieved and worrying about money can also impact mental and potentially physical health.

A focus on financial wellbeing is becoming even more important with the rise of defined contribution pensions, increasing longevity and the increased responsibility this places on all individuals to take control for and plan their finances for today and for their future.

As our 2017 wellbeing research shows, 19% of employees have lost sleep due to money worries and one in four employees say that financial concerns affects their ability to do their job.

Financial wellbeing is an increasingly important focus for organisations who want to make a difference for their people and to their business so it must be included in wellbeing strategies for holistic wellbeing to be effective.