When an employee’s thoughts are focused outside of work, it can quickly affect productivity. Not being able to pay the bills is one of the biggest stress-inducers there is — especially if that person has a family to support.
“Employers recognize that financial stress can impact an employee’s performance, and we are seeing more interest from employers in offering financial education to their workers to help them better manage their finances,” says Jennifer Douglas, associate research director, LIMRA Developmental and Strategic Research.