Focusing on Employees’ Personal Financial Well-Being Pays Off

Personal finances can have a huge impact on your employees’ overall well-being. When you care about your employees and your organization, it’s a no-brainer — you make sure you’re including financial well-being in all workplace well-being efforts. According to PwC’s 2017 Employee Financial Wellness Survey, financial stress is costing companies. 53% of all employees are stressed about their finances. Nearly 1/3 of all employees are distracted by personal financial issues while at work. Almost 1/2 of them spend 3 hours or more each week handling personal finances at work. Those who are stressed about finances miss work on account of their personal financial issues and often cite health issues caused by financial stress. “These findings are concerning and potentially significant for companies looking to evaluate the return on investment of a financial wellness program,” wrote Kent E. Allison, a PwC Partner and National Practice Leader. But, let’s be honest, there is more at …

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