From the June 2010 issue of Benefits Selling Magazine • Subscribe!

Financial concerns taking their toll on workplace productivity

68% of employees said that over the last 12 months they were affected by increased feelings of job insecurity, a decrease in the quality of their work, an increase in their workload or being distracted at work because of financial worries.

More than ever before, employers are recognizing the value of a healthy work force and are viewing wellness programs as an investment to help address their business objectives.

Employers' top three benefit objectives:

  • controlling benefits costs
  • employee retention
  • improving employee productivity

84% of employers now report that improving employee productivity is a very important benefits objective.

60% of employers who say that cost saving and employee productivity are important benefits objectives do not offer wellness programs.

37% of employees who strongly believe that because of the benefits they receive at work they worry less about unexpected health and financial issues.

"Employers have an opportunity to slow the 'snowballing effect' that the combination of employee health and wealth concerns can have on their bottom line. By promoting programs that can help employees help themselves, employers can remove some of the financial burden from employees' shoulders. Employers, in turn, can reap the benefits of a more productive, loyal workforce.
- Dr. Ron Leopold

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