Employee Financial Stress Impacts Work Performance
Various companies have estimated the cost to employers from employee financial stress between $400 per employee per year to 20 hours a month per employee.
In January 2012, the Society for Human Resource Management (SHRM), released a survey which asked: "...about... the impact of employees' personal financial challenges upon work performance, roughly one in five—22 percent—of HR professionals cited a "large impact." Sixty-one percent noted "some impact" while 16 percent responded, "slight impact." Only two percent of HR professionals observed "no impact" upon workers. For further details from the survey, click here. Contact Twight Financial Education to learn about our Corporate Financial Education programs. Family Losses - Have you or a friend lost a loved one?
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