Sodexo is offering its UK workforce a new financial wellbeing support scheme.
The service and facilities management provider, which employs around 30,000 staff in the UK and Ireland, is giving staff access to an online platform through a partnership with Salary Finance.
The platform will allow staff to benefit from free financial education, such as videos, life guides, and webinars. The can access tips and tools including savings calculators, budgeting tools and credit scores. The resource is available 24 hours a day, seven days a week, without them needing to create an account to utilise the service.
Mark Goodyer, HR director, Sodexo UK and Ireland, said: “The health and wellbeing of our people is a top priority. The financial pressure of modern life and the increasing cost of living means many people are worrying about money. By offering this new scheme we hope to provide a valuable service which we hope will go some way to reducing financial stress. There is no obligation for any of our people to use this scheme, we simply want to support our people the best way we can by making available a service which will help them manage their financial wellbeing.”
The new scheme will also enable employees to apply for workplace loans which can be repaid through the payroll. The low-cost loans aim to help people manage their debt by offering affordable lending options.
Goodyer added: “We are committed to creating an inclusive workplace where everyone can bring their whole selves to work, one where they feel they belong and are valued and where they act with purpose and make a difference through their everyday actions. It is our ambition to ensure that each and everyone of our employees feel empowered and accountable and are given the chance to thrive in their career.”
Sodexo’s current benefits offering includes access to an employee assistance programme, online learning modules, mental health support services, a digital health service and shopping discounts.
Earlier this month (April), the company announced plans to increase maternity, adoption and paternity paid leave for its frontline and salaried staff to 18 weeks of full pay, as well as to boost a number of other benefits, by September 2023. It also enhanced its cycle-to-work salary sacrifice scheme to encourage healthier and more environmentally commuting, boosting the allowance from £1,000 to £3,000.