Money problems affect absenteeism, productivity
Financial wellness is more than just a trendy buzzword, and there are some compelling reasons to take an active interest in your employees’ financial health.
More than half (58%) of employers said that financial “illness” plays some type role in employee absenteeism. And 78% also said employees’ personal financial problems have a negative impact on workers’ productivity.
These findings come from MetLife’s “9th Annual Study of Employee Benefits Trends.”
To combat these problems, an increasing number of employers are offering personal finance education to their workers.
Readers, does your company offer any personal finance education? Let us know in the Comments section.
Free Training & Resources
Further Reading
Finance rarely sees jury duty or bereavement as risk. They’re payroll line items. Until courts link them to USERRA military leave –...
Heads up, Finance pros: HR might be coming to you soon for input and approval on new OBBBA benefits changes. Much of the media coverage...
Employee experience – including employee mental health – has become a higher priority for many organizations, according to rese...
EBSA FY 2025 Enforcement Snapshot $1.4B recovered for workers and plans 878 civil investigations closed 253 criminal investigatio...
Believe it or not, more than 80% of workers like their employers’ Paid Time Off (PTO) packages. But that doesn’t stop a surpris...
Although Congress isn’t famous for cooperation, there was enough bipartisan support for the Secure 2.0 Act of 2022 (pages 817-946 of ...