Consider the Following Facts:
- Financially stressed employees lose nearly one month of productive workdays per year and are 2.2 times more likely to seek a new job opportunity. Lost productivity, turnover and other factors directly related to poor financial wellness cost an average company between 11 -14% of their total payroll expenses. (Prudential)
- Nearly one in two U.S. employees are worried about money, leading to depression, panic attacks, sleepless nights, and distraction at work, this lost productivity comprises 2.5% of the U.S. G.N.P. (Prudential)
- 49% of employees spend time at work on their personal finances. (Mindset Study)
- Nearly 3 in 4 workers say they are in debt today. (Carrier Builder)
- 78% of U.S. workers live paycheck to paycheck to make ends meet. (Carrier Builders)
- One in five Americans say they have more credit-card debt than they do in emergency savings. (Market Watch)
Financial Literacy Education Benefits Both Employer And Employee
By ensuring each team member receives financial literacy training,
companies will see marked improvements in the areas of productivity and
subsequently profitability. With financial burdens lifted from their shoulders,
workers will be happier and work harder. They will enjoy their jobs more thus decreasing absences, tardiness, and requests to leave early.
The more employers consider the facts, the more likely they are to put an employee financial wellness process in place for their entire workforce.
Ignite your employees’ commitment with a simple, quick start financial wellness solution powered by the “4 Laws” – it just makes great business sense!