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Employees are in financial distress, with 73% of employees concerned about affording basic necessities and more than half of employees feel this anxiety daily. Without employer intervention, this stress can result in a loss of over eight hours of productivity a week. This stress, compounded by a challenging economy, significantly affects employee focus, morale, confidence and work quality.
This data isn't surprising but should be a sobering reminder of how financial burdens impact how employees show up at work. When raises aren't feasible, financial wellness programs can help bridge the gap between wages and employees' financial needs. We talked to Tate Hackert, President and Co-Founder of ZayZoon, about how financial wellness benefits, coupled with financial education, can offer private and accessible resources for employees who may not want to disclose their financial struggles.
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