Employee Financial Stress: The Invisible Drain on Workplace Productivity and Your Bottom Line

Описание: In this video, we explore the negative impact of financial stress on employees and how it can cost employers. Studies show that financially stressed employees are less productive, take more time off, and have more health issues.

We examine the facts, including that 44% of employees worry about finances, and 46% admit to spending two to three hours per week on personal financial matters during work hours.

While it may be challenging for companies to quantify the cost of employee financial stress, doing nothing is far more costly. We provide actionable steps that employers can take to help their employees.

Employers can tailor a strategy that meets the unique needs of their employee population based on demographics, life stage, income, and family dynamics. We also address the problem on three important fronts: helping employees get out of debt, protecting their assets, and saving for retirement.

It's crucial to measure results in terms of business outcomes and positive employee response. With a tailored solution, employers can enhance the financial health of their employees and organization.

We recommend starting with a workforce needs analysis from HUB to give your employees the right benefits and retirement solutions. Join us in this informative video to learn how you can help your employees reduce financial stress and improve their overall well-being.

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