The financial well-being of your employees is vital. Financial worries affect both mental and physical health, impacting directly upon employee performance.
The potential impact of debt upon an individual’s health is now well-researched and widely accepted. Research also shows that financial instability can directly affect an individual’s ability to focus and work effectively.
Members of staff in your business could be suffering from poor psychological well-being, including increased stress and anxiety. If so, it could be harming their productivity and even lead to absenteeism.
You can help though, and you don’t have to simply raise someone’s salary. In fact, if people struggle to manage money, they may require a more supportive approach.
Savings provide long-term protection for your employees and their families. For some, it may even change the way they view money and set them on the right track for the future.