Two leading Wolverhampton businesses have become the first to join a unique scheme aimed at enhancing the health, wellbeing and financial security of their employees.
Health cover provider Paycare and legal firm FBC Manby Bowdler, both based in the city, have come together with the Wolverhampton City Credit Union (WCCU) to support their teams in safeguarding their future through the provision of a secure and reliable means of saving.
The partnership sees the two organisations signed up to WCCU’s payroll deduction scheme which enables their respective employees to benefit from flexible savings as well as access to affordable and ethical loans.
Kevin Rogers, CEO of Paycare, said: "We are absolutely delighted to have become the very first private sector payroll partner of WCCU alongside FBC Manby Bowdler. As three Wolverhampton-based businesses all committed to protecting the welfare of our staff and bringing valuable benefits to the communities we serve, this partnership was a natural fit for us and we are hugely excited about the opportunity to be able to further support the health and wellbeing of local people."
Kim Carr, Managing Partner of FBC Manby Bowdler, said "having good financial health has a significant impact on both an individual and a business, by resulting in improved productivity, lower absenteeism, and higher levels of morale."
“Our people are our most important resource and our firm is recognised nationally as being one of the Best Companies to Work For, which is part of the Sunday Times Best Companies scheme. This partnership is yet another way we are supporting our people who are delivering stellar service, by helping them to protect not only their monetary health, but their overall wellbeing, now and in the future.”
“Money worries are one of the major causes of stress for individuals and can lead to a number of serious issues including clinical depression and homelessness, with the problem having been exacerbated in recent times with the growing prevalence of payday lenders operating poor and unfair practices,” explained Matt Goulding, WCCU’s Manager. “This scheme plays a significant part in helping deal with these issues and we’re hugely excited that both Paycare and FBC have become our very first members, demonstrating further commitment to their teams and communities they serve.”
As part of the agreement, all of WCCU’s own employees will be encouraged to look after their physical and mental health and wellbeing through access to Paycare’s health cash plan policies, enabling individuals to claim money back on everyday healthcare costs such as optical and dental treatments.