In 2019, Forbes Councils Member, Karolina Hobson published an article about your company’s #1 asset. Although assets such as your earnings, inventory and PPE are important, Hobson ranks your employees at the top of the list and the Financially Fit team agrees! Financially Fit Employees (FFE) encourages employers to recognize the value their staff brings to the organization, and what’s a better way to show appreciation for your employees than adopting a financial wellness service that continues to benefit their financial future?
Financial stress can absorb an employee’s subconscious mood and ultimately affect the public’s perception of your company. Think about it, if your employees are mentally exhausted thinking about how they’re going to spend their paycheck, this may translate poorly to clients and customers interacting with them who can sense their distress.
Furthermore, adopting FFE’s services may save your company a good chunk of change. It’s no secret that unhappy employees will eventually part ways with the company and in Hobson’s article, she highlights the expenses of having to retrain, recruit and rehire after experiencing turnover. According to the Society for Human Resource Management’s benchmarking report, the cost-per-hire is $4,425. Now, maybe your organization can afford a few rehires here and there however, Hobson continues to explain that employee turnover may have a snowball effect because other employees may start to question the “quality of the workplace environment.”
Start valuing your employees by registering for your company’s FFE membership today and show them you care about their financial growth and wellbeing.
To read more from Hobson, please visit forbes.com.
Written By: Your Financially Fit Employees Team
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