NRL Group has invested in financial coaching for its employees in the UK and Ireland.
The family-owned workforce solutions business, which employs 122 people, is now offering staff access to personalised money management plans, which includes options to track goals, analyse spending and participate in challenges.
Through a partnership with Bippit, employees can also use the platform to find targeted learning resources and Interactive workshops on subjects such as pensions, protection and budgeting.
Greg Compton, group director at NRL Group, said: “NRL Group is a family-owned business with a strong focus on taking care of our employees. Our employees tend to stay a long time and we’re constantly reviewing our wellbeing provisions to ensure we’re providing what people want and need at any one time.
“During the cost-of-living crisis it became increasingly clear that our colleagues required assistance with their financial wellbeing and so we went looking for a solution that could satisfy the needs of a diverse workforce with different requirements.”
The business decided to fully launch with Bippit after a successful pilot. Compton explained: “During the pilot we found the flexibility and breadth of the product really appealed to people. Some said they really liked the one-to-one coaching with professional coaches with FCA-recognised qualifications, while others connected to the gamification aspect. Some enjoyed setting goals. And the ability to capture everything in one place, I think, was particularly important.”
NRL Group, which is marking its fortieth year in business this year, encourages employees to submit ideas to an initiatives panel, which is made up of its leaders. Through the panel, the business has become carbon neutral, with carbon champions in each branch. It has also achieved living wage employer accreditation, introduced mental health first aiders and launched equity, diversity and inclusion programmes and training.
As well as supporting employee wellbeing, the company also has a strong focus on community support, social mobility, working with the armed forces, and supporting those leaving the prison system.
Sam Lathey, CEO of Bippit, added: “NRL Group is an industry leader in making employee wellbeing, as well as retaining and developing talent, a top priority. Their full workforce is now empowered to take control of their financial wellbeing through Bippit, with a range of features that will allow all employees to reduce financial stress, build a healthy relationship with money and better live the life that they want.”
