Did you know the financial well-being of employees affects a company's performance?

Take our quiz to see the impact.

1. What is the estimated company cost associated with poor employee financial health?

Answer:

Poor employee financial health costs companies an estimated 15 to 20% of total compensation.1

1www.lfg.com/public/employersorganizations/retirementplans/retirementindustryinsights/financialwellnesssolutions/benefitsofafinancialwellnessprogram

2. What percentage of employees say stress interferes with work?

Answer:

41% of employees say stress interferes with work.2

2www.stress.org/42-worrying-workplace-stress-statistics

3. How many days of work are missed per year by employees who are worried about money, compared to unstressed colleagues?

Answer:

Employees who are worried about money miss almost twice as many days of work per year compared to unstressed colleagues.3

3www.scoremaster.com/blog/view/513/financial-stress-and-employees/

4. What percentage of employers believe financial wellness tools improve productivity?

Answer:

83% of employers believe financial wellness tools improve productivity.4

4https://newsroom.bankofamerica.com/content/newsroom/press-releases/2020/09/bank-of-america-study-finds-employers--sense-of-responsibility-f.html

5. How many dollars a year do U.S. companies lose due to their employees’ personal financial stress?

Answer:

U.S. companies lose $500 billion a year due to their employees’ personal financial stress.5

5www.scoremaster.com/blog/view/513/financial-stress-and-employees

Employees who believe their employer cares about them in all aspects of their lives (health, emotional, financial well-being) will be more loyal, satisfied and committed to their jobs — results that translate into a positive business impact for employers.

https://corporatefinanceinstitute.com/resources/knowledge/other/employee-wellness-programs

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