4 min read
The Importance of Financial Wellness for Employees
Financially stressed employees are less productive, more likely to take time off, and often face increased mental health challenges. This can lead to higher turnover, increased absenteeism, and overall lower engagement.
Key Stats
of Canadians
say they’ve lost sleep because of financial worries.
of Workers
worry about money while on the job.
Financially stressed employees are 5x more distracted at work,
costing businesses through increased absences/use of sick leave, increased turnover, and lower engagement.
What are you doing to help your employees?
Increase Financial Wellness for your Team
Employers Play a Key Role in Supporting Employee Financial Wellness
With 84% of employees expressing interest in workplace financial education programs, it's clear that financial wellness is a crucial aspect of total compensation strategies.
Financial stress doesn't just affect employees at home—nearly 50% of the workforce admits that money worries spill over into work, impacting productivity as they spend time managing finances during work hours. This strain translates into tangible costs for businesses, contributing to absenteeism, reduced engagement, and lower morale.
But employers can make a difference. In fact, 77% of workers see financial wellness programs as a crucial benefit, yet only 28% of companies offer them. By providing resources and support, companies can boost morale, retention, and overall productivity.
A Financial Wellness Solution
WorkPerks enhances your existing employee benefits package by offering savings that ease financial burdens. With exciting discounts and access to various perks, your employees can feel more confident that their dollars are going further.
Exciting savings in 10 major categories!
Dining |
Travel |
Electronics |
And more |
Ready to Enhance Employee Financial Wellness?
Financial wellbeing is key to a happy, productive workforce. Connect with us today to explore how WorkPerks can help you reduce employee financial stress and improve engagement!