Why employee financial wellness is important for your business
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Healthy employees perform better, right? Yes! But I’m not just referring to physically healthy employees, I’m referring to financially well employees. According to a survey from CreditCards.com, 47% of Americans are currently holding credit card debt, and a recent Morgan Stanley Study states that 78% of employees who are experiencing high financial stress admit they are distracted by it at work.
Financial stress affects individuals across all income levels, so financially stressed employees can be found throughout your entire company and can ultimately affect your bottom line from all levels. Employees who are not feeling financially well are burdened by these stresses and may even feel out of control, which can be consuming and exhausting, and ultimately lead to overall dissatisfaction at work. Most would agree that happy employees are better for your business, but how does a financially unwell employee