The American Psychological Association (APA) cites money as the number one cause of stress. Stress, including financial stress, can produce a myriad of adverse effects. It can be detrimental to a person’s physical and mental health, and may also have a negative impact upon their performance and perspective in the workplace. Financially-stressed employees can subsequently have a negative effect on their employer’s bottom line. This is attributable to factors like an increase in unscheduled absenteeism, high turnover rates, an increased number workplace accidents and an overall reduction in employee productivity. Financial Fitness Group created this infographic to illustrate the cost employers pay for financially-stressed employees.
Leave a Reply