How Neighbourly is using Bippit to respond to rising living costs
Neighbourly is an award-winning platform helping businesses donate volunteer time, money, and surplus products. This allows businesses (such as Samsung, Aldi, and B&Q) to deliver meaningful and sustainable community investment into thousands of locations across the UK and Ireland.
Neighbourly was one of the UK’s very first B Corporations, meaning they meet rigorous standards of social responsibility, environmental performance, accountability, and transparency.
A core part of this is how they support their employees, both at work and in their personal lives. It’s one of the reasons Neighbourly has partnered with Bippit, as Hayley Bradley, the company’s Head of Finance explains…
“We couldn’t have come across Bippit at a more relevant time. As a business we are concerned with the rising cost of living and how this affects our growing team. This is why we decided to implement Bippit.”
“It’s part of a wider plan to support employee wellbeing, which stems from Neighbourly’s status as a B Corp. As we grow we are trying to find practical ways to help our employees.”
Acting as a responsible employer
When a company adopts Bippit, every employee is given unlimited access to a 1-1 financial coach who is matched to their individual needs.
Each coach is a qualified professional – with many years of training and experience – and is on hand to deal with employee queries ranging from pension schemes and equity plans, to taxation and insurance cover.
This comprehensive financial support is what attracted Neighbourly to Bippit.
“Bippit is a platform that delivers a complete financial wellbeing solution for a company’s employees,” Hayley says. “The one-to-one financial coaches, and the easy-to-use dashboard, were what initially drew us to Bippit.”
“It’s fantastic to be able to include Bippit in our benefits package. It’s very important to us that existing and future employees feel reassured about our commitments as a responsible employer, and can see how this links to our B Corp values.”
Why financial wellbeing is more important than ever
The impact of the pandemic on people’s finances, along with ongoing concerns about the increased cost of living, mean that more people are feeling unsettled and stressed.
This has a direct impact on companies as research shows employees are twice as likely to leave a job when they’re anxious about their finances.
Bippit can deal with that stress so employees feel more settled in their job, while 81% of younger workers want to work for a company that cares about their financial wellbeing. Adopting Bippit is an effective strategy to ensure staff are happy, valued, and retained.
Hayley adds: “we’ve had lots of positive feedback from employees who are keen to get started and explore what’s on offer.
“Bippit allows us to give employees access to a finance professional, and to lots of tools and resources that help them with all aspects of personal finance.”
Want to support your team with the rising cost of living?
Looking to support your team? Book a free Financial Wellbeing Lunch & Learn for your workplace.