Workplace financial wellbeing interventions for young workers
Mar 8, 2021
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To explore the likely and proven impact of workplace financial wellbeing interventions (WFWI) on the mental health of young workers, researchers at RAND Europe conducted a literature review and analysis of Britain's Healthiest Workplace (BHW) and Asia's Healthiest Workplace (AHW) surveys.
Through our literature searches we identified no studies investigating the impact of WFWI on the mental health of young workers; only two considering workers of all ages; and one of a financial wellbeing intervention specifically with young people, but not in the workplace. The total sample for our analysis of survey data to explore the effectiveness of WFWI was:
In terms of direct evidence of the effectiveness of WFWI on the mental health of young workers, literature in this area is limited. We only included three studies; two of which were not with young workers specifically (and had a risk of bias), and one that was in a non-employment setting. These studies suggest that WFWI are a potentially promising approach, but there is a need for more direct evidence of these interventions in employment settings with young people.
Based on our analyses of BHW and AHW data
Adapted from Workplace financial wellbeing interventions for young workers: A review of the evidence and analysis of Britain's Healthiest Workplace (BHW) and Asia's Healthiest Workplace (AHW) surveys by Jennifer Bousfield, William Phillips, Camilla D'Angelo, Christian van Stolk, RR-A839-1, 2021 (available at www.rand.org/t/RRA839-1). To view this infographic online, visit www.rand.org/t/IGA839-1. RAND Europe is a not-for-profit research organisation that helps to improve policy and decision making through research and analysis. RAND Europe's publications do not necessarily reflect the opinions of its research clients and sponsors. RAND® is a registered trademark.
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