Financial wellness or well-being refers to an employee’s overall financial health and knowledge. How well a worker can manage money impacts their morale, engagement, and productivity, among other factors, at work.
Why is financial wellness important?
Employees who have their finances in order (the ability to pay bills on time, have savings and emergency funds set up, etc.) are often in a better position to put their energy and focus on work, be more engaged, and stay productive. On the other hand, an employee who struggles financially may be unproductive if they have to deal with money matters during work hours. They may also be stressed or disengaged, which can cause a ripple effect throughout the rest of your staff.
For information about how employers and employees can benefit from financial wellness, visit "Financial Wellness".
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