Why communicators and company leaders should prioritize financial wellness
Financial stress takes a staggering toll on productivity, morale, retention and engagement. Here’s how companies can—and should—support workers.
Stress may appear to be a soft metric by which to predict the financial well-being of employees.
But beyond the intuition and empathy that HR leaders and corporate managers should bring to their job, research indicates that there’s a significant correlation between the two. During these economically uncertain times, employee stress is compounded by anxiety, changes in working life, and mass furloughs and layoffs. This year’s Inside the Wallets of Working Americans study found that 42% of respondents are “feeling financial stress.”
This stress affects not only employees, but their families, their work, and, by extension, their co-workers and employers. At no time in recent history has this reality been more stark than it is right now.
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