Debt is one of the biggest sources of employee financial stress and when workers are stressing out over their latest credit card bill, you can bet employee engagement in the office will suffer.
In a consumption-oriented society that values the instant gratification of a big purchase and encourages us to go into debt to live the “good life,” it’s no wonder employees are struggling.
That’s where employers can step in. Teaching basic money management and savings strategies helps them dial down their financial stress and focus on other things — like their jobs.
Here’s how reducing debt-related stress can improve employee engagement at work.
Financial stress has additional consequences for women. A new study by the Institute for Behavioral Medicine Research at The Ohio State University Wexner Medical Center found that pregnant women who faced higher levels of financial stress were more likely to have a baby with a low birth weight – which often brings additional medical issues and stressful medical bills.
What drives employee retention? Good leaders. But how can you tell if the leaders in your company are helping or hurting your effort to hang onto your best employees? Look for these 10 red flags.
Spring cleaning applies to your finances, too. But many Millennial employees struggle with basic financial practices. Are your employees asking these questions about budgeting?
You just found out your new hire stole trade secrets from their last employer. Now what? Read on for three tips to avoid this situation from the outset and four steps to take when you discover the theft.
LinkedIn is a great resource in the search for new hires. These profiles are like digital resumes, but they can also drop hints that a candidate isn’t right for you. 10 LinkedIn red flags to avoid.
Flexible scheduling is a hot employee benefit this year, but many employees feel that taking advantage of it makes them look lazy. Ending the flexible scheduling stigma.
Companies benefit from having a financially secure workforce. A survey of financial industry CEOs found 82 percent think a financially secure workforce helps their bottom line. Why financial wellness is key to employee retention.
Only about 30 percent of employees are engaged at work, which means a stunning 70 percent are disengaged. What can you do to help employees find meaning in their jobs and re-engage? 15 actionable ways to make work more meaningful.
The pain of getting fired can follow you for a long time. In fact, the heartbreak that comes with losing a job may be worse than divorce. Why pain and stress follow fired employees.
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It’s hard to stay on top of everything in the news. That’s why each week our Best Money Moves newsroom will bring you the most important news in financial wellness, employee benefits and financial stress. We hope you like the information and, if you do, please spread the word. For midweek developments, follow us on Twitter and on Facebook.