Financial Stress is an Epidemic
Financial stress is having a significant impact on employers, particularly in terms of employee productivity, talent retention and recruitment.
The top areas of financial stress for employees are:
Saving enough to meet retirement goals and support their family (such as sending kids to college)
Meeting their expenses, including paying their taxes each year
Being financially prepared for emergency or life-changing events.
But should employers step in to help? Employees say yes!
87% of employees say their company should play a role in helping them prepare for their financial future
81% would be less likely to leave a company that was helping them improve their financial standing
4 in 5 employees say financial wellness is important and would choose a company that offered it over one that didn’t
It’s critical to inspire and educate your workforce on Financial Wellness.