Money and work continue to be “significant stressors” as tracked annually by the American Psychological Association’s (APA’s) Stress in America Survey, with nearly two-thirds of adults (64%) reporting one or the other to be a major source of stress. Continue reading
Unexpected expenses can be crippling. According to a recent report, only 39 percent of Americans say they would be able to pay for a $1,000 unplanned expense.
Inevitably this financial stress hits the workplace, making the employer collateral damage. According to the world’s largest human resources consulting firm, Mercer, “Improving employees’ financial wellness can lead to healthier employees, reduce absenteeism and lower turnover rates while raising employee satisfaction and improving the employer’s brand.” Continue reading
With mounting research pointing employers down the path of holistic wellness, employee financial wellness programs are starting to take flight.
The Society of Human Resource Management found that half of the Human Resources professionals they surveyed believed personal finance concerns resulted in employee stress. And nearly as many (47%) said there was a corresponding inability for employees to focus at work. Continue reading