Many Americans are worried about their finances. That’s a concern for employers because financial stress negatively impacts the workplace, lowering productivity and causing health problems, higher disengagement, absenteeism and turnover.
Addressing employees’ financial stress does more for employers than simply curbing negative workplace consequences. Increasing employees’ financial well-being affords employers the opportunity to further their business and people goals. Offering a financial well-being program can attract, engage and retain critical employees, support DEI initiatives, differentiate an organization from its competitors and cultivate a positive company culture.
How well is your organization addressing employees’ financial well-being? Take our five-minute self-assessment for immediate insights.