Teva Pharmaceuticals has been developing and producing medicines for over a century. Its commitment to health and wellbeing extends beyond the patients it serves though, with Teva equally focused on supporting its people.

‍

One of Teva’s core values is to ‘make our families proud’. 

This philosophy applies to the company’s delivery of quality medicines, but also to how they support their employees’ overall health and happiness.

“We care deeply about our people, our communities, and our environment,” explains Claire Blomley, Senior Benefits Manager at Teva. “We’re invested in helping people reach their potential. We want to nurture their individuality and support them to be their best.”

This is why Teva has partnered with Bippit to provide expert-led financial support to its 1,100 employees across the UK and Northern Ireland.

Claire continues: “At Teva, we’re proud of the great benefits we offer, and we wanted to go further in supporting the financial wellbeing of our employees. Introducing expert financial guidance with Bippit aligns perfectly with our overall wellbeing strategy.” 

Financial stress: a major workplace challenge

Financial stress can impact an employee’s mental health, productivity, and overall wellbeing. It’s why financial wellbeing isn’t simply a nice-to-have, but an essential business strategy. 

Recognising this, Teva has taken proactive steps to ensure its people have access to meaningful financial support.

“We know that mental health is a cornerstone of workplace happiness, and financial wellbeing plays a huge part in that,” says Claire.

Through its partnership with Bippit, Teva employees will benefit from:

• Free and unlimited access to professional financial coaches with FCA-recognised qualifications.
• Personalised money management plans to help them and their households make the most of their salary and total reward package.
• Targeted learning resources covering key financial topics, and interactive workshops on pensions, financial protection, and budgeting.

Boosting pension engagement

Understanding and engaging with pension contributions is a crucial part of long-term financial security. That’s why Teva wanted its people to have access to Bippit’s expert-led pension education and guidance.

“We encourage all our employees to save for the future and make the most of their pension and salary sacrifice options,” Claire says.

By partnering with Bippit, Teva’s employees now have access to personalised pension illustrations, and professional support, helping them engage with their workplace pension, to build more security for their financial future. 

Making financial wellbeing accessible to all

Financial coaching is often seen as accessible only to those with significant wealth. Teva wanted to change this by ensuring that every employee - regardless of background - was given free access to professional financial guidance.

“I’m excited to hear the stories of how Bippit has helped our employees take control of their financial journey and build a brighter future,” adds Claire.

“We’ve run onsite meetings about Bippit with our wellbeing ambassadors and HR team, and hosted a series of face-to-face and virtual training sessions. We’ve had an amazing response so far.”