Don’t Let Employee Stress Become Your Mess
Did you know that one million employees miss work each day due to stress?1 If each of those workers earned a minimum wage of $8.50 an hour and worked eight hours a day, that would mean each day 68 million dollars go down the drain because of stress.
Did you know that one million employees miss work each day due to stress?¹ If each of those workers earned a minimum wage of $8.50 an hour and worked eight hours a day, that would mean each day 68 million dollars go down the drain because of stress.
And that’s just from workers who call in sick. Think about the 60% of working Americans losing productivity because they’re stressed and still going to work.¹ Employees’ stress quickly turns into employers’ stress when no aid is offered, and the company reaps the consequences of lost productivity.
Provide positive and powerful relief through these three easy steps:
Step 1: Find the main source of stress
For years the American Psychological Association has pinpointed finances as employees’ main stressor. With four out of five employees admitting problems with financial stress,² it’s time we did something to combat it.
Step 2: Turn that financial stressor into a success
60% employees using a financial professional say they are extremely happy with their current financial situation.³ Turning financial stress into financial wellness will make finances something to celebrate rather than fear.
Step 3: Implement a financial wellness program to start and continue financial success
Employers say overall financial wellness produces higher levels of satisfaction (76%), loyalty (66%), engagement (65%) and productivity (55%) in the workplace.⁴ Helping an employee improve their financial wellness benefits both the employee and the employer.
The My Secure Advantage (MSA) Financial Wellness program focuses on improving and maintaining financial wellness, and general well-being, through the multifaceted approach of education, coaching, and on-going support for all financial topics. MSA provides relief from financial stress by helping employees and their loved ones learn how to communicate about money, work together to master healthy financial habits, and develop a sense of control over their current and future finances.
An employee of the state had this to say about financial stress and the MSA program: “I think this is a fantastic benefit to employees. I know my past financial stress has affected my health, state of mind, and work performance. It is a very forward-thinking employer that understands that and is willing to provide a benefit to mitigate the issues.” For more testimonials from employees who are transforming their financial stress into financial freedom and increasing their productivity through MSA, take a look at our Success Stories.
With the MSA Financial Wellness benefit in your tool belt, you don’t have to worry about your employees’ stress breaking the bank. Learn more about MSA today.
¹Stress in the Workplace: Meeting the Challenge. Health Advocate. PDF.
²Financial Wellness Landscape Analysis: An Overview of the Need for Workplace-Based Financial Wellness Programs. ING Employee Benefits, 2013. PDF.
³The Principal Financial Well Being IndexSM: American Workers. Des Moines, IA: Principal Financial Group, 2013. PDF.
⁴“Financial Literacy Begins at the Office.” PFEEF Newsletter. 19 Dec. 2013. Email.
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