Financial stresses can have a significant impact on the wellbeing of your employees which can have a direct impact on productivity and retention.
A study by Employment Hero found that around 60% of New Zealanders are stressed about money in some way. Twenty one percent of people had lost motivation for work due to financial stress and 19% said it made them feel more tired and distant.
Organisations that offer financial tools and resources can help reduce employee stress which can improve productivity and reduce absenteeism and presenteeism.