U.S. workers are stressed about their personal financial situations, which is their work performance and retirement savings plans, according to a new Society for Human Resource Management survey.
Over the last year, 55 percent of respondents agree they have been more likely to dip into their employer-sponsored retirement savings plans compared with previous years, and 17 percent strongly agreed. Twenty-four percent of respondents say they have not been more likely to rely on retirement savings, and 3 percent of respondents say they strongly disagree that they have been more likely to use their retirement savings.
Regarding the effect of employees' personal financial challenges upon work performance, 22 percent of respondents say it causes a large impact while 61 percent of respondents say it is some impactful. Another 16 percent of respondents say there is a slight impact. Among the respondents, only 2 percent say they felt no impact.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
