The Link Between Employee Productivity, Health and Financial Stress
Financial wellness isn’t just good for your employees; it’s good for your company. Experts are showing direct links between financial wellness programs and cost savings!1 While financial wellness programs may have started out as a feel-good benefit, they have quickly become important for employee well-being and a great retention tool that has a much-needed impact on the bottom line.
Did you know2:
● 40% of job turnover is due to stress.
● Healthcare expenditures are nearly 50% greater for workers who report high levels of stress which can increase healthcare costs by about $400 per stressed employee annually.
● The average cost of absenteeism in a large company is more than $3.6 million/year.
By implementing financial wellness programs, a company can help its employees tackle common issues head on, which in turn helps reduce the above issues and related expenditures.
Here at Gasaway Investments Advisors, we offer financial wellness programs for our clients and businesses to help create successful outcomes. If you are interested or would like more information regarding our financial wellness program, reach out to us!
1 Salary Finance. “The Employers Guide to Financial Wellness.” 2019.
2 Umass Lowell. “Financial Costs of Job Stress.” 2019.