Income taxes are due in one week, which means that many of us are thinking about money. In fact, a recent survey by McGraw-Hill Federal Credit Union says that 36 percent of Americans spend at least two hours a day worrying about their personal finances. And while many of us are experts at multitasking, if your employees are focused on their financial problems, they are less focused on your business.
The Society For Human Resource Management (SHRM) agrees. They said, in a 2012 survey of HR managers, that 83 percent believed that their employees’ financial problems had an impact on their work. This includes employees who struggle to focus on work (47 percent) and contributes to overall stress (46 percent). Twenty-six percent of respondents said their employees’ financial problems impact productivity.
To keep reading, click here: Your Employees’ Financial Problems Are Your Problems