Did you know...
According to a review conducted in the UK, 10% of full-time and part-time employees missed days at work due to financial stress. In the private sector, this meant that more than 2.5 million workers took time off due to financial wellbeing, and 13 million worker days were lost.1
A 2022 survey conducted in Asia found that those without emergency savings are 60% more likely to have difficulty concentrating at work compared with those who had emergency funds saved.2
According to Lyra Wellbeing’s 2023 US survey, 48% of employees cited financial stress as the top factor impacting their mental health.3
We have launched a new educational toolkit focusing on financial wellness. The toolkit is a ready-made communications campaign, enabling multinationals to educate their people on what it means to be ‘financially fit’, with tips on how they can understand – and change – their money mindset. This new service is available to our multinational clients.
Financial stress impacts employees all over the world, with people in many countries facing significant increases to the 
cost of living, rising inflation and other financial pressures. And with each different employee having their own unique financial priorities, (including paying off loans, buying a house, caring for families and planning for retirement, to name a few) it can be a challenge for employers to meet their people’s specific needs and help improve financial wellness.
Our new toolkit equips multinationals with everything they need to educate their people on financial wellness and support them in changing their relationship with money. It seeks to help multinationals care for their people who may be facing financial stress and limit the burden on mental health, ultimately improving the overall health, wellbeing and productivity of their workforce.
The toolkit contains five weeks’ worth of materials and a facilitator’s guide, helping multinationals successfully run the educational campaign. The content focuses on:
what it means to be ‘financially fit’
what is your money personality?
how to think about debt
saving for ‘future you’
why you need an ‘ICE’ (in case of emergency) fund – and how to build one.4
Dr Leena Johns, Chief Health & Wellness Officer at MAXIS GBN, said: "Financial stress is a huge concern for people all around the world, and has a significant impact on mental wellbeing. And with such staggering statistics around its impact on employee productivity, it’s clear that this is a business issue too.
“Multinationals are well-placed to help employees with their journey to financial fitness, and we’re excited to be launching our financial wellness toolkit, equipping our clients with the resources they need to run an educational campaign in their workplace and really make a difference for their people.
“Employers who take this issue seriously and support their people through financial stress have the potential to reap the rewards and see a happier, healthier and more productive workforce.”
The financial wellness toolkit is available to our multinational clients via the OneClient portal.
The financial wellness toolkit is available to our multinational clients via the OneClient portal.
Download the toolkit via OneClient MAXIS GBN works in partnership with over 300 multinational clients to deliver market-leading employee benefits risk management services and solutions. With approximately 140 local insurance partners with specialist capabilities in over 120 markets, MAXIS GBN’s local insurers currently cover over six million employees worldwide.
For media enquiries please contact:
Kate Ross / Nick Spearing
MAXIS Global Benefits Network – [email protected].
This document has been prepared by MAXIS GBN and is for informational purposes only – it does not constitute advice. MAXIS GBN has made every effort to ensure that the information contained in this document has been obtained from reliable sources, but cannot guarantee accuracy or completeness. The information contained in this document may be subject to change at any time without notice. Any reliance you place on this information is therefore strictly at your own risk.
Not all services are available from all MAXIS member insurance companies or to all clients. The services are subject to local market practices, and compliance with all applicable legal and regulatory requirements.
MAXIS GBN may receive fees, commissions and/or other remuneration from third parties in connection with the services we carry out for you.
About MAXIS GBN
MAXIS Global Benefits Network (MAXIS GBN), co-founded by MetLife and AXA in 1998 is one of the leading international employee benefits networks providing global service capabilities and delivering world-class employee benefits perspectives and solutions to clients in over 120 markets around the world. In February 2016, MetLife and AXA further strengthened their relationship by combining all of its MAXIS GBN existing operations under a joint venture company. This transformation helps leverage the existing strength of the network and its two parent companies while further enhancing the client experience, focusing on product innovation and providing data analytics. For more information, please visit www.maxis-gbn.com
The MAXIS Global Benefits Network (“Network”) is a network of locally licensed MAXIS member insurance companies (“Members”) founded by AXA France Vie, Paris, France (“AXA”) and Metropolitan Life Insurance Company, New York, NY (“MLIC”). MAXIS GBN S.A.S, a Private Limited Company with a share capital of €4,650,000, registered with ORIAS under number 16000513, and with its registered office at 313, Terrasses de l’Arche – 92727 Nanterre Cedex, France, is an insurance and reinsurance intermediary that promotes the Network. MAXIS GBN S.A.S is jointly owned by affiliates of AXA and MLIC and does not issue policies or provide insurance; such activities are carried out by the Members. MAXIS GBN S.A.S operates in the UK through its UK establishment with its registered address at 1st Floor, The Monument Building, 11 Monument Street, London EC3R 8AF, Establishment Number BR018216 and in other European countries on a services basis. MAXIS GBN S.A.S operates in the U.S. through MAXIS Insurance Brokerage Services, Inc., with its registered office located in New York, USA, a New York licensed insurance broker. MLIC and Delaware American Life Insurance Company are the only Members licensed to transact insurance business in New York. The other Members are not licensed or authorised to do business in New York and the policies and contracts they issue have not been approved by the New York Superintendent of Financial Services, are not protected by the New York state guaranty fund, and are not subject to all of the laws of New York.
[1] Anon, Cebr (November 2021) Financial wellbeing and productivity in the worlplace: a Cebr report for Aegon, https://cebr.com/wp-content/uploads/2022/03/Financial-Wellbeing-report-v1.2-1.pdf (Sourced December 2024)
[2] Goh Chiew Tong, CNBC (September 2023) 4 in 5 employees in Asia have moderate to high mental health risk, study shows, https://www.cnbc.com/2023/09/20/4-in-5-employees-in-asia-at-risk-developing-mental-health-issues-study.html#:~:text=39%25-,South%20Korea,employers%20%E2%80%9Cneed%20to%20consider.%E2%80%9D (Sourced December 2024)
[3] Anon, Lyra Wellbeing (2023) 2023 State of Workforce Mental Health, https://cdn.intelligencebank.com/us/share/d23K/AE0L1/DEJeq/original/2023-State-of-Workforce-Mental-Health-Report?mkt_tok=MzU5LUdRUi01MDIAAAGNnMMzA-Ysu8fuKIppyr4vLaWO10qhFVVpsfYWizCwjrSUV9GW3ajTuiGkQ52Ui9x9Gr7x7aatjPS0-Dy_yjbR1IbMuz_F-yb_35uOuFP1_TUg (Sourced December 2024)
[4] MAXIS GBN toolkit, Changing your money mindset: get financially fit in five weeks (December 2024)