Financial stress is one of the leading causes of employee distraction, absenteeism, and turnover. When your team struggles with money worries, it affects not only their personal lives but also their productivity and engagement at work.
The Ripple Effects of Financial Stress
- Lower Productivity: Employees preoccupied with financial issues are less focused and more likely to make mistakes.
- Increased Absenteeism: Financial stress can lead to health problems and missed workdays.
- Higher Turnover: Workers who feel unsupported are more likely to seek opportunities elsewhere.
- Greater Healthcare Costs: Stress-related illnesses drive up insurance claims and healthcare spending.
Investing in financial wellness programs isn’t just a perk — it’s a strategic advantage.
By supporting your employees’ financial health, you create a more resilient, focused, and loyal workforce. Companies that prioritize financial wellness see lower healthcare costs, reduced stress-related absences, and higher retention rates.
Ready to Implement Your Own Financial Programs?
Our free eBook, How to Implement Financial Programs to Improve Employees’ Financial Health, offers a clear, actionable roadmap designed for benefits managers.
Empower your employees. Strengthen your business.
With expert help from independent financial advisors, your entire workforce can learn to manage their finances better – contact us to learn more.