Team Productivity
Is financial stress affecting your workforce’s productivity?
According to the 2017 Retirement Confidence Survey conducted by the Employee Benefit Research Institute, 30% of employees said they think about personal finances while on the job.
The effect of financial stress on worker productivity is striking. Employees who are stressed about their finances are nearly five times more likely to be distracted by their finances at work, twice as likely to spend three hours or more at work dealing with financial matters, and three times more likely to spend five hours or more. Stressed employees are also twice as likely to miss work on account of their personal financial issues and are more inclined to cite health issues caused by financial stress. They are also more likely to experience difficulties with relationships at home.
It’s important to not just offer employees a Financial Wellness program, but to provide a road map that will enhance their knowledge about a broad range of financial topics, and empower them to take the necessary steps toward financial wellness. Because home ownership is the engine of wealth in the US, WFHP focuses on the benefits of buying a home and fits it into a larger financial strategy for employees