WORKSHOPS

HOW MUCH IS EMPLOYEE FINANCIAL STRESS COSTING YOUR ORGANIZATION?

An employee’s financial stress hits your bottom line with higher health costs, reduced productivity, lower employee performance and greater turnover.

Unscheduled absenteeism can cost $3,600 per year for each hourly worker.

A financially-stressed employee can spend 20 hours per month dealing with financial issues at work, leading to lost productivity worth $7,000 per year for each stressed employee.

Fatigue-related productivity losses are estimated to cost $2,000 per employee each year.

ORGANIZATIONS CAN SAVE MONEY BY EDUCATING THEIR EMPLOYEES ABOUT THEIR PERSONAL FINANCES.

Employees who receive financial literacy education at work:

Have higher productivity and morale.

Make fewer requests for pay advances and 401(k) plan loans.

Experience a decrease in financial stress.

Have higher productivity and morale.

Have higher job performance.

STUDIES SHOW FOR EVERY DOLLAR YOU INVEST IN A FINANCIAL WELLNESS PROGRAM YOU CAN SEE UP TO $6.60 RETURN ON YOUR INVESTMENT!

We provide the following financial wellness workshops on budgeting, credit & debt management, relationships and finances, and retirement planning.

References:

PWC - Employee Financial Wellness Survey 2016 results, 2016.

International Foundation of Employee Benefit Plans – Financial Education for Today's Workforce: 2016 Survey Results, 2016

Finding the Links Between Retirement, Stress, and Health, 2016.

Pension Consultants Inc. – The Impact of Financial Stress on Workforce Productivity, 2014.

Society for Human Resources Management – Financial Education – Stress = Improved Productivity, 2012.

MetLife – 14th Annual Study of Employee Benefit Trends, 2016.

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