"Health problems caused by financial distress cost employers big money."--Dr. E. Thomas Garman, Personal Finance Employee Education Foundation, 2008
"Financial stress is probably the No. 1 stress that gets people to fail ... People are preoccupied and not being as productive."--Arkadi Kuhlmann, CEO, ING Direct, 2007
"Financially distressed employees have trouble functioning in their jobs, and this is hurting their physical health as well as taking a bite out of the employer's bottom line,"--E. Thomas Garman, president, PFEEF*, 2009
Are Your Employees Helping - or Hurting - Your Bottom Line?
Isn't it infuriating when you see employees wasting time when they’re supposed to be working? It's unbelievable how many hours they spend on the phone with personal calls and how often they distract others.
“There are clear links among financial distress, workplace productivity and health. Employers who improve employees' financial well-being will see improvements in their bottom lines as well."--Pete Shatwell, researcher, Two Medicine, 2009
Actually, there are reasons for this behavior that you may not be aware of. Consider the environment that your employees are bombarded with on a daily basis: recession, high unemployment, subprime mortgages, one in four houses in foreclosure, government uncertainty, business closings everywhere, and the rising cost of living across the board.
Today's financial stress on Americans is unprecedented, and is taking a serious toll on every company’s bottom line.
"Financially distressed employees have trouble functioning in their jobs, and this is hurting their physical health as well as taking a bite out of the employer's bottom line," said E. Thomas Garman, president of the Personal Finance Employee Education Foundation (PFEEF).
"Financial worries can take a severe toll on employees. Financial worries can manifest themselves in the workplace as employees moonlight to pick up extra money, or can cause anxiety, depression, absenteeism and productivity problems that affect the bottom line," says Jonathan Hefner, manager of legal and financial counseling services for Ceridian. As employees become anxious and distracted at work, more of their personal financial problems and uncertainly spill over into their work life. It becomes nearly impossible for employees to fully focus on work when their feelings of fear and vulnerability with finances are so overwhelming.
"Money worries are linked to more absenteeism and productivity woes, as employees dodge bill-collector calls at work, use faxes for personal business and make more personal calls. It can also spur turnover, as employees in need of more money look for new jobs." Stephanie Armour, "Money worries hinder job performance" article (2005), USA TODAY
How can your employees concentrate when they are so unsure about their future? Every day becomes more challenging as they are consumed with not knowing what to do, who to ask, and may not be able to afford financial training.
It's no wonder that most employees are looking to you to the place where they commit most of their lives every year - for help in understanding and getting a grip on their financial world.
"The idea of delivering financial education in the workplace appears to hold real promise for reaching large numbers of adults in a cost-effective manner. Employers are theoretically capable of providing the time, the place, and the instructors for trusted financial education."--Lewis Mandell, Senior Fellow, Aspen Institute, New America Foundation, Nov. 2008
You can make it happen. By organizing a free, on-site financial workshop led by Mark Mohr, a 33-year veteran in helping people become financially literate, you can make a huge difference in your employees' health, confidence and productivity.
Many companies have a 401(k), life insurance, or other specialist come in, but may only inform employees on one part – not like I do, I offer a broad selection of seminar topics for you to choose from. [See About Mark for my qualifications].
Give your employees more confidence that comes with understanding their financial world. Help them gain control over their money with the ability to make smarter decisions that give them the push they need to get ahead. Set them at ease knowing that their future maybe more predictable and secure as they navigate the rest of their lives with increased financial knowledge.
These same benefits translate directly into your workplace. It stands to reason that with more inner confidence over their financial life may come greater ability to think more clearly, have sharper focus, and make better decisions on the job.
Your employees will appreciate knowing that you and your company care about their total wellbeing. Managers will get happier, more loyal employees that work better together and produce more.
"To remain competitive in the labor market, both to attract the best employees as well as to retain them, leading-edge employers need to offer a more comprehensive personal finance employee education program, rather than narrowly focused retirement education. A growing number of smart employers are responding to this workplace challenge by offering comprehensive financial education."--Dr. E. Thomas Garman, NIPFEE executive director, Personal Finance Employee Education Foundation, 2005
When I inform your employees how to take control and improve their personal finances, I believe they will be able to give you more on the job. You’ve got nothing to lose since the information free, but so much to gain.
Take this important step to help improve the performance of your employees - and your bottom line - today. Call 408.452.6005 or email today for a free consultation on organizing a no-cost financial workshop at your work site. Your employees will never forget the gift of financial wellbeing and you may reap the corporate rewards that come with employees that are more productive.
Why Mark is more qualified to teach your employees
*PFEEF - Personal Finance Employee Education Foundation
Mark Mohr is an agent licensed to sell insurance through New York Life and may be licensed with various other independent unaffiliated insurance companies in the states of CA (CA Ins. Lic. #0564150), HI, NV, WA. No insurance business may be conducted outside this state referenced.
*Mark Mohr is a Registered Representative of and offers securities products & services through NYLIFE Securities LLC, Member FINRA/SIPC, a registered broker-dealer 1731 TECHNOLOGY DRIVE, SUITE 300 AND 400, SAN JOSE, CA95110 . In this regard, this communication is strictly intended for individuals residing in the states of CA, HI, NV, WA. No offers may be made or accepted from any resident outside the specific states referenced.
WORKSITE FINANCIAL & INSURANCE SERVICES is not owned or operated by NYLIFE Securities LLC, or its affiliates.
All seminars are for informational purposes only. Please consult with your professional advisors concerning tax, legal or accounting advice.
