Financial wellness programs often go overlooked by HR departments because employers don’t understand the tangible benefits of reducing employee financial stress. If you know that your coworkers are carrying high levels of financial stress, don’t wait any longer to speak with management about a solution.

Show your employer that employee financial wellness is equally important to the health of the business as it is to the health of the employees themselves, by using these five talking points:

1. Every employee needs financial wellness and that starts in the workplace.
The majority of all employees worry about their finances on a regular basis (and spend an average of 12 work hours per month on financial issues, according to the latest research from Mercer). Nearly 40 percent of employees say they’d like for their employer to provide additional help with financial education, according to Bank of America Merrill Lynch’s 2017 Workplace Benefits Report Millennial Supplement. Productive ways to think about finances include planning for retirement, budgeting to pay off debt and learning how to live within your means. However, when financial stress hits, unproductive thoughts about finances rise to the surface and many people begin to feel overburdened and helpless. If employees are constantly preoccupied with their financial stress, they become distracted, unproductive and devote their work hours trying to resolve personal financial issues.

2. More of your employees are stressed about their finances than you think.
Forty-eight percent of employees admit to being distracted by their finances at work, according to a 2017 study from PricewaterhouseCoopers (PwC). Of those stressed employees, 46 percent spend three hours or more at work each week dealing with financial issues. Aside from hurting overall productivity (and, in turn, company profit), it also means that employees are less likely to be creative, thought-leading and reaching their highest potential during work hours. Financial wellness can help restore employee engagement and longevity with your company.

3. Financial stress is costing your company thousands of dollars every year.
Emotional stress causes physical symptoms as well. Your employees may be experiencing rapid heart rate, headache, gastrointestinal problems, restlessness or lethargy – among others symptoms – and all due to their lack of financial wellness. Over time, these symptoms evolve into chronic health problems. Nearly one million employees miss work each year due to stress related illnesses, with an estimated annual cost of $602 per person.

4. Financial stress is manageable – as long as you provide the right tools.
Financial stress is caused by many sources. From an inconsistent paycheck to the inability to pay down debt; anxiety over insurmountable student loans and even an inability to meet basic monthly expenses – financial stress looms from the inability to address life’s financial needs and this often can be easily resolved with the most basic of resources: education. Stressed employees want to get a handle on their finances – but they might not know where to find help for their personal, financial stressor. Providing employees with educational tools that help them track changing interest rates, plan for long-term (and short-term) payment goals and visualize their current spending habits are highly effective ways to reduce financial stress.

5. Employees with financial wellness benefits are happier, more productive and less likely to leave their jobs.
Experiencing financial stress doesn’t always equate to being underpaid. But, without the necessary financial wellness tools, it may lead your employees to seek out higher paying positions, or even take on a second job in order to relieve their financial stress. Seventy-six percent of employees who are financially stressed say that they would be more attracted to a potential employer who cares about their financial well-being, according to the previously mentioned PricewaterhouseCooper study.

When employees have the knowledge, tools and resources they need to make their best financial moves, it provides them with financial wellness while, at the same time, reduces their financial stress. This frees up time and energy in order for your employees to fully dedicate themselves to their work, while they’re in the office.

You know financial stress can put a strain on your wallet, but you probably don’t think about the strain it can have on your body. The International Foundation of Employee Benefit Plans recently released their 2017 Workplace Wellness Trends Survey. Over 500 employers were asked to select the top medical conditions that keep company healthcare costs high. Seven of the top ten health problems listed are exacerbated by financial stress.

Not surprisingly, according to the American Psychological Association’s annual Stress in America study, one of the largest contributors to emotional stress is financial instability and worry. Of all studied stress-indicators, this area has consistently topped the charts for over a decade.

Here are five of the most common health problems associated with financial stress.

1. High​ ​cholesterol. Thirty-three percent of Americans admit to overeating when stressed out. Even if your employees aren’t reaching for donuts to cope with their financial stress, high levels of cortisol – the hormone released during emotional stress – can increase the amount of fat in a person’s blood (the triglyceride count). On its own, high cholesterol generally doesn’t have noticeable symptoms but it can greatly increase a person’s risk for a stroke, aneurysm or heart attack. The amount spent on cholesterol medications in the U.S. tops over $18.7 billion, annually.

2. Depression​ ​and​ ​Anxiety. The range of emotions associated with and caused by debt (of any amount) can lead to depression and anxiety – two of the most common mental health conditions in the U.S. In fact, depression and anxiety are characterized as the body’s natural physical response to stress. While symptoms will vary from person to person, over time, both depression and anxiety will lead to health problems, which increases the chance for heart disease, chronic respiratory disorders and gastrointestinal conditions.

3. Hypertension/High​ ​Blood​ Pressure. When emotional stress is present, it is immediately followed by a temporary spike in blood pressure, leading to hypertension. The coping mechanisms associated with stress – overeating, drinking alcohol, smoking and poor sleep habits – make individuals with high levels of stress more prone to the disease. About a third of the U.S. population currently suffers from hypertension, with a price tag of roughly $46 billion a year.

4. Heart​ ​Disease. According to the American Heart Association, heart disease accounts for seventeen percent of America’s national health expenditures. By increasing the amount of adrenaline and cortisol in your body, stress increases your heart rate, elevates levels of triglycerides and weakens the walls of your arteries. The current annual price tag for heart disease is at $273 billion.

5. Diabetes. Although now manageable with strict lifestyle changes, a regime of insulin and other medication, nearly one in eight Americans lives with diabetes. The mind’s subconscious response to stress is to physically prepare it for flight or fight. This includes making glucose and fat available to the body’s cells to use as energy. For diabetics, this stress-related elevation of glucose can cause greater insulin-resistance, ultimately making their illness worse and managing their diabetes more difficult.

Knowing how financial stress affects your employees’ health is a great start. Is there anything you can do as an employer to reduce that financial stress and get your team feeling relaxed and healthier? The answer is yes. By taking even the smallest of steps towards alleviating this financial stress, your employees will not only know that you care for their wellbeing, you’ll actually be making a positive difference for their health. You can encourage new behaviors while also using what is already in your arsenal of employee benefits:

• Recommended computer breaks to allow your employees to move around for just a few minutes – at least once an hour. This offers mental as well as physical stress relief.
• Offer healthy food options in the break room and around the office so employees aren’t tempted to reach for junk food. This will keep their energy levels up and their overall health in check.
• Remind employees to use their untapped voluntary benefits that can help with stress, like counseling or discounted gym memberships.
• Encourage your employees to use their unused paid time off. Unused vacation days are at a forty year high, with nearly fifty percent of PTO going unused last year. Paid time off is the perfect way for your team to destress, spend time with family, catch up on personal responsibilities and refresh energy levels.
• Offer financial wellness benefits – whether you promote financial awareness, create a new benefit offering or offer financial education courses, this is going to be the number one financial stress relief for your employees, in the long term.

Considering that financial stress accounts for sixty-one percent of overall stress, helping employees gain access to financial management tools can mean tackling the root cause of the problem – not just managing the symptoms. There’s no universal cure for stress, but investing in your employees’ wellness is an investment for your company, which decreases healthcare costs while increasing productivity. A win for everyone.