Employee finances can affect your company’s health

Last month I wrote about the connection between personal finances and mental well being. In that article, I mentioned that good place to start looking for help is your workplace benefits program. Many programs have excellent resources that can help. The advisor that works with your employer and the insurance companies may be able to provide financial help as well. I offer financial information sessions and individual services to employees, for example.

Small business owners should also be concerned about the financial health of their employees. This article from Manulife Financial outlines some troubling statistics. The stress caused by financial difficulties can lead to lost productivity, absenteeism, and turnover. To attract new employees and retain current employees, small business owners should take a look at providing a benefit package that provides for both the physical and mental aspects of an employee’s well being. Partnering with an advisor that can provide financial training and support to employees may provide an additional advantage. An employer that provides resources to support employees not only reduces the employees’ stress, but their own as well, as it is one less thing to worry about.

If you would like more information on Lifetime Financial Services’ Group Benefit program, including financial training and support, please feel free to get in touch.

For anyone with financial questions, please do not be afraid to seek help.

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