Stress-related illnesses cost businesses up to $300 billion a year in lost productivity,¹ and four out of five employees acknowledge some degree of financial stress.² Imagine the billions employers could save if they changed employee financial stress to employee financial well-being.
The negative effects of poor finances and financial stress:
Financial stress keeps Americans from focusing on the job. It’s causing low levels of productivity, and it’s costing employers.
Positive effects of a financial wellness program:
The bottom line is that employee financial stress is a problem in the workplace, and fixing it could mean saving your company a significant amount of money each year. Now is the time to implement a financial wellness program that will turn financial stress into financial gain.
The MSA Financial Wellness program focuses on improving and maintaining financial wellness, and general well-being, through the multifaceted approach of one-on-one money coaching, financial education, web-based learning and self-help tools, and on-going support through virtually any financial challenge or goal. MSA Money Coaches are staffed, salaried professionals with close to two decades of collective experience. With a Money Coach’s trustworthy knowledge and compassionate assistance, employees gain the direction and accountability they need in order to improve their lives.
Positive effects of the MSA Financial Wellness program:
For more information on how you can eliminate financial stress in the workplace and boost your employees’ productivity with the MSA Financial Wellness program, contact 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.
³“MetLife White Paper Finds Employee Financial Wellness a Growing Global Concern for Employers.” 2011 Press Releases. New York: MetLife, 6 Dec. 2011. Web. 15 Jul. 2013.
⁴“Financial Literacy Begins at the Office.” PFEEF Newsletter. 19 Dec. 2013. Email.
The Influence Personal Finance has on Employee Health Related Outcomes Numerous studies have examined the impact of stress on both physical and mental health, and have found correlations between stress and poor health outcomes. Stress has also been linked to absenteeism from the workplace, as well as decreased productivity. There are also many surveys that […]
A recent study from MetLife shows that each generation has their own unique financial concerns, and they want their employers to provide help. 1 in 3 employees think their employer should help them address concerns about financial security; moreover, the study found that decreasing financial worries through company benefits can actually improve employee satisfaction.1 What […]
Employee Benefit News (EBN) recently published a slideshow entitled the “8 benefit trends to watch for in 2016.” The first trend is financial wellness, and rightly so, considering that it can ensure success with all the other trends filtering through the workplace. Take a look at this year’s hot topics according to EBN, and why […]
For years, it’s been proven that financial problems play a key role in stress levels.1 Colleen certainly knew it was true, as she carried $72k in debt and went $2,100 over her budget every single month. Needing serious relief, Colleen started working with the MSA Financial Wellness program, and the results were phenomenal. When Colleen […]