Why should employers prioritize employee wellness?
A recent Gallup Poll indicates that Employees are 71% less likely to report experiencing a lot of burnout.
There are approximately 13 hours lost a month per employee due to unproductivity from financial concerns, according to Mercer.
PwC research indicates that 1 in 3 employees states that personal finances are a distraction at work.
Bank of America, Merrill Lynch discovered that 6 in 10 employees state their health is impacted negatively because of financial stress.
REFERENCES:
PricewaterhouseCoopers, LLC, Employee Financial Wellness Survey 10 (2014)
American Psychology Association, Stress in America: Are Teens Adopting Adults’ Stress Habits? (2014)
FINRA Investor Education Foundation, Financial Capability Study: U.S., (2014).
See E. Thomas Garman et al., Financial Stress Among American Workers: Final report: 30 Million Workers in America—One in Four—Are Seriously Financially Distressed and Dissatisfied Causing Negative Impacts on Individuals, Families, and Employers. (2005).
Associated Press, 35 Percent of Americans Facing Debt Collectors: Study By Josh Boak, Published July 29, 2014.
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Prioritize your employees' financial wellness to boost your organization's success. Financial stress and insecurity lead to decreased productivity, absenteeism, and higher healthcare costs - all detrimental to your bottom line. By promoting financial wellness through education, resources, and support, you can cultivate engaged and productive employees, reduce healthcare costs, and create a positive work environment. Connect with us now to achieve financial wellness and success.
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