Two root issues that should be held in high priority by employers: stress caused by employee personal finances, and the employer’s bottom line. If the first issue of stressful personal finance problems of employees is adequately addressed, then the second issue concerning the bottom line of the company will be positively impacted. To help decrease employee stressors and improve the chances of achieving retirement success, these two root issues must be tackled.
Employee personal finances Financial worries affect a large percentage of the American workforce. Harris Interactive and Purchasing Power conducted a survey that revealed 44% of full-time employees in the United States are involved in worrying about personal financial issues while on the job. Additionally, 46% of the workers surveyed admitted to spending from two to three hours each week on average engaged in activities concerning their personal finances while on the job. The PwC 2014 survey places that number slightly higher, at between 12-20 hours lost per month, per employee.
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