Physical and mental health are two outspoken struggles individuals have voiced consequently due to the COVID-19 pandemic. Although both physical and mental upkeep are extremely important to prioritize in your daily life, one health concern that has often been kept quiet, possibly among your employees, is financial health. Back in June, Alan Kohll from Forbes, wrote about Why [Employers] Need To Care About [Their] Employees’ Financial Health. Within his article, Kohll quoted a survey result from PcW that highlighted the pandemic’s effect on employees’ financial stress “63% of employees say that their financial stress has increased since the start of the pandemic.”
Evidently, now is the time to check in on your employees’ financial health. Not only is it important for individuals to be confident about their financial future, it’s also beneficial to your company’s success. Kohll lists many reasons why financial health within the workplace is essential, one of which was reduced distractions. Indirectly supporting Kohll, the Financially Fit Team has found that up to 90% of employees utilize their time at work to deal with financial problems. Kohll also noted that addressing your employees’ financial health will lower overall stress rates which will, in turn, lead to higher productivity rates. In support of that argument, FFE has also found that employers who prioritize the financial health of their employees will see a 57% increase in employee productivity.
Kohll acknowledges that talking about money and personal finances with every one of your employees can be awkward and uncomfortable. Therefore, he suggests adopting a financial wellness service! Let us handle those conversations about budgeting, debt elimination, and any other financial concern your employees may be holding onto.
To allow us to help your company today, please visit https://app.financiallyfitemployees.com/#!/guest/register to register!
Written By: Your Financially Fit Employees Team
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