Financial Stress in the Workplace – Do the Math!

Poor financial behaviors result in extremely high costs that are incurred by employers, including:

1.  Absenteeism

2.  Tardiness

3.  Job Stress

4.  Reduced team member productivity

5.  Lowered team member morale

6.  Loss of customers who seek better service

7.  Loss of revenue from sales not made

8.  Disability and worker compensation claims

9.  Lack of team member focus on the strategic goals of the employer

10.  Employer time to deal with poor financial behaviors of team members.

Source: Garman, Leech & Grable

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The employee financial wellness benefits program offered by CFOSimple assists employees with financial issues by providing one-on-one coaching, web-based software and free, unlimited customer and technical support.  Employees may use a combination of outside counseling and our financial resources to get them back on the road to financial health and peace of mind.

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