Can employees stressed out about their personal finances be as productive as those who are not? Not likely. Survey data supports the intuitive answer. For example, 41% members of the Society for Human Resource Management responding to a poll last year reported that an overall lack of monetary funds to cover personal expenses took a toll on some of their employees output levels.
The assumption seems to be not that employees arent paid a living wage, but that they have some shortcomings in their personal financial management skills. The solution offered in a report just published by Purchasing Power, a voluntary benefits vendor, is offering employees a comprehensive financial education program analogous to physical wellness campaigns.
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