- Image by alancleaver_2000 via Flickr
Now more than ever companies are evaluating the credit reports of job candidates. But why?
Because personal finance stress causes employees to waste up to 20 hours per month worrying about their money problems at work.
What about the current employees? Their personal finances may be in disarray too.
You could:
- Do nothing – except that impacts your business
- Pay employees more – except that won’t change anything
Or better yet… you could begin a systematic plan for personal finance coaching. With a class like Creating True Financial Independence.
A survey of 10,000 employees who took a personal finance class reported:
- 89% were using a written budget to manage their money in the future.
- 91% felt more confident about their financial futures.
- 94% stated the personal finance class had been beneficial to them.
- 95% were establishing an emergency fund
- 98% recommended personal finance education to fellow employees.
Team members who aren’t worried about their personal finances are far less likely to have unplanned absences. They are better able to engage and concentrate while at work.
Their productivity and loyalty increases, while their stress and money problems decrease.
So why wouldn’t you want to help your team members through tough financial situations? Not only are you helping your workers, but you’re also helping the company as a whole.
