Employee financial wellbeing is an umbrella term that covers a number of connected concepts. In the broadest possible sense, it refers to employees feeling secure in their financial status.
Many people do not have financial resilience. They might have enough money to get by on an average day, but sudden changes (such as injury, illness, a move, or a sudden breakage of a key home appliance) can cause big problems. This can cause an employee a lot of stress, either because they are unexpectedly stung or because they know they could be, which leads to a lot of wellbeing problems.