05/24/2018

The Next Frontier in Workplace Wellness: Financial Health

Fifteen percent of employees said financial problems made them miss work

Study after study shows that money stress can be as bad for workplace productivity as back pain.

The latest study, released by PSC on Tuesday, found that a quarter of U.S. workers said financial worries caused them health problems. Forty percent said finances distracted them at work and 15 percent said these problems made them miss work, according to the study, which was conducted in February and surveyed 1,600 working U.S. adults aged 21 to 75.

That is why companies are providing a more robust menu of voluntary financial wellness benefits, sometimes with cash incentives or discounts, to help employees manage their money.

Please select this link to read the complete article from Reuters.