Financial stress can be a huge burden to marriages, families and the workplace. As a matter of fact, this stress can significantly impact employee performance, turning a productive employee into a disaster.
Introducing a Financial Wellness Program designed to eliminate stress about money at your employees' fingertips. Our program provides free financial advice on the following topics:
Debt Management
Debt Management
Expert advice on managing credit card debt, balance transfers, debt consolidation loans, car loans and much more.
Student Loans
Student Loans
Expert advice on Federal and Private Student Loans. Understand your options such as Income Based Repayment and others
Investing
Financial Planning
Our advisors can help people with a variety of goals, such as saving for retirement, paying for college, or starting a business.
Credit Score
Credit Score
Take advantage of our Credit Coach who will provide your credit score and offer ways to improve it.
Build Savings
Learn how to build savings while avoiding debt. Save for a down payment on a house, vehicle or another large purchase.
Budgeting
Acquire the tools necessary to put an end to spending more than you make. Avoid debt and build wealth.
Because a Financial Wellness Program Helps Everyone
The Path to Financial Success Starts with a Wellness Program
Each employee will receive:
- One free financial counseling session every quarter
- Financial education
- Improvements to their credit score
- A path to build savings and avoid debt
Your company will possibly see:
- More productive employees
- Lower turnover rate
- Happier employees
- Decreased absences and tardiness
Contact Us for More Information About Our Financial Wellness Program
7 Effects of Financial Stress
1. Increased Absenteeism and Tardiness: Financial stress can cause anxiety, which may lead to physical or emotional exhaustion. As a result, employees might take sick days or arrive late due to handling personal matters or dealing with stress-related health issues.
2. Reduced Job Satisfaction and Engagement: Employees under financial strain may feel less motivated or dissatisfied with their work. They might question their career choices or feel less loyal to the company. Consequently, this can lead to a decrease in overall engagement and enthusiasm toward their job.
3. Mental Health Challenges: Ongoing financial stress can lead to mental health issues like anxiety, depression, or burnout. All of which can significantly affect an employee’s ability to perform. Therefore, employees may struggle with decision-making. They can feel overwhelmed by daily tasks, which can hinder productivity.
4. Decreased Focus and Concentration: When employees stress about their personal finances, they can struggle to complete their basic tasks. Furthermore, they may find it difficult to stay engaged, leading to lower efficiency and reduced production.
5. Decreased Creativity and Innovation: Stressing over money can also affect an employee's ability to think creatively and solve problems effectively. It can lead to cognitive overload. Therefore, it makes it harder for individuals to approach challenges with a fresh perspective or come up with innovative solutions.
6. Impact on Team Dynamics: Financial stress can lead to negative emotions like irritability or frustration, which can affect teamwork and communication. As a result, employees may be less collaborative or struggle with interpersonal conflicts, further reducing the overall productivity of the team.
7. Higher Turnover: Chronic stress can cause employees to seek higher-paying opportunities or jobs with better benefits, Ultimately, this stress may create higher turnover rates. The cost and time associated with recruiting and training new employees can negatively affect productivity at the organizational level.