Mybenefitsatwork gets behind workplace wellbeing
In response to customer feedback the online employee benefits communication portal, Mybenefitsatwork (www.mybenefitsatwork.co.uk), has launched a new financial education module.
Mybenefitsatwork was originally created to help employers of all sizes communicate the employee benefits they offer in a friendly, accessible way, using everyday language. And the launch of its new financial education module is the next stage in its development.
With greater demand than ever before for financial education – 59% of employers claim to offer this benefit as part of their wellbeing package, with a further 29% stating they would like to  – the MBAW financial education module offers employers a cost effective way of providing employees with access to information and guidance, through topical, thought provoking and action producing articles and tools.
Whilst it can certainly be used on its own, the module is also perfectly placed to complement a more comprehensive face-to-face financial education programme.
Ian Bird, founder and Director of Business Development at Mybenefitsatwork, said: “Increasingly, we’re finding employers are really getting behind supporting wellbeing in the workplace – mental, social, financial and physical. We’ve listened to our clients’ feedback, and, as a result, we’ve further developed the portal to make sure it continues to truly engage, and support, staff wellbeing.
“We’ve re-designed the portal to make it a more dynamic and interactive experience for staff, including a new pension illustration tool. The calculator not only makes employees aware of how much they will retire on, based on their current pension contributions, circumstances and certain assumptions, but it also encourages them to reflect on whether they should save more for a more comfortable retirement.
Research undertaken by the company in May this year  highlighted that a staggering 9 out of 10 HR leaders state they face challenges when communicating their benefits package to employees, and 95 per cent of those respondents would like to communicate their employee benefits in additional ways.
Bird believes technology can help improve this scenario: “Technology has the ability to overcome certain HR challenges, helping employers to reach out to their workforce independent of location. It can also keep employees up-to-date on their benefits and market developments, engaging with them as cost effectively as possible. And it is scalable, supporting companies with as little as five staff, right up to those employing tens of thousands of people. Two years after launching, Mybenefitsatwork has a strong bank of clients, with its largest employing over 100,000 staff.
“Today, many wellbeing and benefits platforms are written by technology companies, but we have taken a different approach. As we are part of a regulated advisory company, we are able to go beyond a typical benefits platform. We can provide further information and guidance, which tends to increase communication and engagement levels amongst employees.
Ian Bird will run webinars on Thursday 5th October at 11am and 2pm to demonstrate the financial education module and other functionalities of the portal. For more information and to register, please click here.
Mybenefitsatwork is the employee engagement tool for the employee benefits specialist, Secondsight (www.second-sight.com). In June 2017, the company was delighted to announce its triumph as the Best Corporate Adviser in the Money Marketing Awards – an award entry which was heavily weighted on the achievements to date of Mybenefitsatwork.
 The research was conducted by an independent research company, Censuswide during January 2017, and was answered by 250 HR Director and Managers. http://www.second-sight.com/mint-project/uploads/734931647.pdf
 The research was conducted by an independent research company, Censuswide during January 2017, and was answered by 250 HR Director and Managers. https://mybenefitsatwork.co.uk/mbaw/uploads/MBAW_EBreport_2017_digital_FINAL.pdf