What are the reasons to consider financial support as an employee benefit?
- Reduces financial stress
- Boosts employee retention
- Improves productivity
- Promotes financial wellness
- Enhances company reputation
Overview
- This article emphasizes the growing importance of offering financial support as part of employee benefits. With many Filipino workers living paycheck to paycheck, providing access to salary-linked loans and savings programs can reduce financial stress, improve focus, and boost productivity.
- Programs that promote financial literacy and responsible lending empower employees to make better decisions and build stability.
- UNO Bank’s UNO@Work program offers a comprehensive solution tailored to support both businesses and their teams.
Your workforce is one of your greatest assets – but financial stress is quietly undermining that investment.
When employees are worried about money, they can’t focus on work. Financial stress kills productivity, hurts engagement, and affects overall well-being. Yet most employers still think competitive salaries are enough.
They’re not.
Forward-thinking employers are now offering financial assistance—like corporate loans or emergency funding—not just as perks, but as smart strategies to build loyalty, stability, and a healthier workforce.
In this article, we’ll explore five compelling reasons why financial support should be part of your employee benefits strategy and how it can create a measurable impact across your business.
Reason 1: Financial Support Reduces Financial Stress
In ADP Research Institute’s People at Work 2025 report, 78% of Filipino workers say they live paycheck to paycheck—often with little to no buffer for emergencies. This constant financial pressure can affect focus, morale, and even attendance, creating ripple effects throughout the workplace.
With inflation continuing to affect everyday expenses, even ₱1,000 is no longer enough to cover a full meal for a small family. According to the Philippine Statistics Authority (PSA), the country’s inflation rate hovered around 3.8% in April 2024, keeping essentials like food and transportation out of reach for many.
Offering financial support through a corporate payroll program, such as salary-linked loans or savings account,s empowers employees to access funds responsibly when needed. It also opens the door to long-term financial habits, helping them build savings, reduce reliance on predatory lenders, and focus better at work.
Reason 2: Get Boosted Employee Retention
The Philippines has one of the highest employee attrition rates in Asia, with 18% of workers leaving their jobs annually, second only to Singapore. High turnover not only disrupts productivity but also increases recruitment and training costs.
Additionally, Aon’s 2025 Human Capital Employee Sentiment Study reveals that 64% of employees in the Philippines are either actively switching jobs or considering new opportunities within the year. This highlights a growing need for companies to strengthen retention strategies beyond salary adjustments.
Offering financial support through trusted partners and well-designed programs can be a meaningful step in the right direction. It shows employees you’re invested in their long-term financial well-being, while also providing access to financial education, responsible loan options, and tools that help them build security and stability.
Reason 3: Improved Productivity
Productivity thrives when employees feel secure, and for today’s workforce, that includes financial well-being. Millennials and Gen Z now dominate the Philippine workplace, and studies like Deloitte’s 2024 Global Gen Z and Millennial Survey reveal that financial insecurity is one of their top daily stressors.
When employees are worried about money, it’s harder for them to concentrate, stay motivated, or perform at their best. Financial stress often spills over into work, reducing focus, increasing absenteeism, and contributing to burnout across all generations—from fresh grads to seasoned professionals.
Offering financial support—through responsible loan programs, savings options, or financial literacy education—directly addresses these challenges. It not only eases day-to-day burdens but also creates a more focused, engaged, and productive team.
Reason 4: Promotes Financial Wellness
Most employees lack basic financial literacy skills, making them vulnerable to poor financial decisions that create stress and debt. Gen Z and millennials, in particular, face this challenge despite their digital fluency and growing financial awareness.
Studies show that less than 30% of younger Filipino workers possess basic financial literacy skills. They’re tech-savvy and engaged with financial topics, but they still need structured guidance to fully navigate their financial lives.
Financial support programs can fill this gap. By partnering with providers that offer savings tools, education, and responsible lending, companies can empower their people to make smarter financial choices, benefiting both the individual and the organization.
Reason 5: Acquire An Enhanced Company Reputation
For forward-thinking HR and business leaders, offering financial support as part of your benefits package signals a deeper commitment to employee well-being. It positions your organization as a progressive, people-first employer—one that understands real-world challenges and responds with actionable support.
This kind of benefit doesn’t just boost internal morale. It strengthens your employer brand in a competitive talent market. When current and potential employees see that your company provides meaningful, life-improving support like emergency financial assistance or accessible salary loans, it builds trust, loyalty, and long-term brand equity that numbers alone can’t buy.
Why Choose UNO’s Corporate Employee Loan for Your Team?
At UNO Bank, we know that your employees are your company’s most valuable asset. That’s why we created UNO@Work—a comprehensive corporate payroll and employee loan program designed to support both your business and your people.
Through UNO@Work, your team gains access to:
- #UNOready – a high-interest savings account
- #UNOboost – a competitive time deposit account
- Corporate employee loans – flexible, low-stress financial support
Our program is available to companies with at least 50 employees, operating profitably for the last 2 years, and in business for a minimum of 3 years.
Key Takeaway
There are many reasons to consider financial support as an employee benefit, from improving productivity and employee retention to reducing financial stress that can impact work performance. Offering this benefit shows your people that you care about their well-being, building loyalty while fostering a healthier, more focused work environment.
At UNO Bank, we’re ready to help you support your employees with ease through our Corporate Employee Loan program. Empower your workforce with smarter financial solutions. Contact us today to learn more.
