Workforce Management

Stressing About Personal Finances Is A Major Drag on Employee Productivity

UPDATED ON
Mployer Advisor
Mployer Advisor
— Written By
Print Friendly and PDF

Technology-forward insurance company Yul recently conducted a survey of American workers and found that 70% believe that stress derived from financial concerns is negatively impacting their ability to perform and execute on the job.

Further, the data indicates that companies can substantially improve their status with both current and potential employees by proactively encouraging and supporting the financial stability of their employees.

Still, only a little more than 1 out of 10 respondents believe their current employer has a satisfactory set of policies and tools in place to proactively help in promoting employees’ well being, while almost 1 in 4 reports that their current employer has no such support system in place at all.

You can read more about that survey here.

Want more insights on how your employee benefits compare to companies in your region, industry, and similar employer size?
Download Your Custom Benefits Report Now
See How Your Employee Benefits Compare

Next Up

The Market Employment Summary for November 2024
Each month, Mployer Advisor breaks down the Bureau of Labor Statistics’ most recent State Employment and Unemployment Summary to highlight some employment trends across various markets. This is an overview of November’s report. 
The Most Common Job Openings Of The Future
‍In this piece, we take a look at what kind of job openings are going to be most prevalent between now and 2033, as well as the education level needed to access those opportunities.
3 Questions That Will Determine How The 2024 Elections Impact Employer-Sponsored Healthcare
Now that the 2024 elections are mostly in the books, how will the shifting balance of power affect employer-sponsored healthcare?