According to WorldatWork, the effects of financial stress cost U.S. organizations an estimated $500 billion in lost productivity annually. These stressors have been exacerbated by the coronavirus pandemic with over 50% of employees reporting that finances and money matters cause them the most significant stress.
Preventive Financial Care is the solution.
Most organizations would agree that they play an important role in their employees’ health and that the well-being of their employees is critical to business success. Unfortunately, taking a preventive approach to financial well-being is still not common practice, though it is equally as important as maintaining good physical and mental health.
The prevention and resolution of financial hardships has largely fallen on the shoulders of the impacted individual. However, research shows that organizations should play a more active role in helping employees plan for and manage their finances, as these challenges spill into the workplace and can significantly impact safety, innovation, productivity and ultimately an organization’s bottom line.
Through this Preventive Financial Care White Paper, you will learn:
- What Preventive Financial Care is and why it is more important than ever.
- How to identify gaps in your current financial well-being program.
- Preventive Financial Care strategies you can use to increase employee well-being, productivity and your bottom line.