INFOGRAPHIC: THE COST OF FINANCIAL STRESS

Posted on by Jerome.Pfeffer

Many financially stressed employees confess to spending 3+ hours of their work week distracted by personal finances[1], that’s 156 hours per year. This means you could be losing up to $5,260 per employee![2]

So, what can employers do? Here are three ways employers can help employees manage financial stress:

  1. Offer financial wellness programs
  2. Encourage more savings with a company match
  3. Provide financial education

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[1] PricewaterhouseCoopers LLP. “Employee Financial Wellness Survey” (2018): PWC. May 2018.

[2] Based on 2017, employer costs for employee compensation (ECEC) $33.725 per hour. Bureau of Labor Statistics.

“Employer Costs for Employee Compensation- Dec.2017” www.bls.gov. March 20, 2018.