When Your Financial Problems Affect Your Work Productivity
If you are dealing with personal financial issues, your productivity at work is likely to be affected. Research by the Personal Finance Employee Education Foundation (PFEEF) has shown that distress over personal finances can lead to lower productivity, as well as illness and absences from work.
If you find yourself in financial difficulty, or would just like to prevent future issues, you may want to suggest to your employer that they consider some options to assist employees with financial issues and education.
Here are a few examples of programs you may want to recommend to the human resources department of your company:
- Educational programs, which may include personalized Web sites, tools, and seminars
- Group rates on mortgages, personal loans, insurance, and tax planning
- Retirement planning seminars
When talking to your employer, you may consider putting together a proposal that includes information from the study listed above that can show that, if successful, these programs can assist in reducing absences and increasing productivity