The combination of financial hardship and the mental health burden that comes with it has created enormous strain for Canadian employees and their families, and employers should be very concerned. Working with a strategic partner to implement new or enhanced EAP tools to foster better financial wellbeing will help relieve the pressure, and pay dividends. TELUS Health has been doing just that, helping employers empower their workforce to lead healthier, more productive lives, both personally and professionally, with proven solutions backed by robust data. The company’s customizable EAP solutions include everything from primary care to preventive health and has revolutionized total wellbeing to include social, financial and mental health.
In a recent discussion with Philip Mullen, Vice-president, Employer Solutions Consulting with TELUS Health, WP explored how a forward-thinking approach to financial security, paired with a strong foundation in data analytics, is shaping not just the future of employee wellbeing, but also the way organizations can effortlessly support their workforce.
When it comes to financial wellbeing, Mullen emphasizes that it is a deeply personal concept, but at its core, it boils down to one word: confidence.
“Financial wellbeing means having the confidence to know how much you can spend, save, and what the future holds,” Mullen explains. “It’s about feeling secure enough to navigate uncertainty, regardless of your income.”
This perspective is increasingly relevant in today’s environment, where uncertainty is the norm. Mullen believes that, ultimately, financial wellbeing isn’t tied to income levels but to the assurance that individuals can weather financial ups and downs.
