Tuesday, June 23, 2020

The One Thing Smart Companies Are Doing for Their Employees (Part 1)

The majority of employees struggle with personal financial stress. This stress prevents more employees from achieving maximum work productivity. Lost work productivity results in a waste of over half a million dollars for an average company with 100 employees paid at $20.00 an hour.

Smart companies are paying attention to this loss and are doing something about it. The American Psychological Association cites financial stress as the number one stress for American employees. Your employees are not exempt from this stress, which means your slice of the $250 billion "financial stress loss", as cited by a 2017 Mercer study is being taken from your revenue.

This is why smart companies are joining the 84% of companies Forbes has identified adding financial wellness services into their employee benefits packages. Employees respond well to financial wellness services when wrapped into their existing benefits.

86% of employees embrace financial wellness services when provided by their employers. That number shoots even higher to 92% for millennial employees, according to the workplace Benefits Report, 2017.

-Written by: Financially Fit Employees, Inc. Founder Kimberly Greenman-

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