06
Financial Wellness & Fulfilment
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Financial Security Gap
0
%
Report feeling inadequately supported by their employers
This lack of perceived support raises important questions about the effectiveness of current employer-provided benefits in meeting employee needs.
I no longer spend on transport fare as I now trek to the office. I get extra income from my children.
Victoria (68, Married, 20k)
Exploring the Needs Gap
The data mentioned above suggests a potential needs gap between what traditional benefits offer and what employees require. While many companies provide a robust benefits package, a significant portion of employees may still feel financially insecure.
This financial insecurity manifests in several ways.
This financial insecurity manifests in several ways.
This surge suggests a growing number of employees, like Daniel, are struggling to manage their finances between paychecks.
Due to the present situation in the country, they do give us 7000 extra every week to support our transport and feeding
Daniel (34, Single, 40k)
0
%
expressed a need for Earned wage Access
0
%
Increase in loan demand from previous year
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Download the
Report
The findings of this report underscore the financial strain faced by employed Nigerians. This highlights the urgent need for innovative solutions, such as earned wage access, to provide financial relief and support the well-being of Nigerian workers.
For a deeper dive into the data and specific figures, refer to the full report:
Turn Insights into Action
Our “State of The Employed” report reveals that 70% of employees lack access to financial support from their employers. With PaidHR’s Earned Wage Access, you can offer your team instant access to part of their salary anytime—at no extra cost to your organization.
Ready to see it in action? Book a demo today.
Book a Demo
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