Employees are bringing their financial issues to work, and it's affecting their employer's bottom line.
Workers' lack of financial knowledge and the distress that has resulted is leading to employee productivity drains, turnover and increased benefits cost, according to a new white paper released Wednesday by GuideSpark, a company that delivers Web-based HR software.
The study found nearly 80 percent of financially distressed employees spend time at work dealing with financial issues. Plus, more than 92 percent of employees report losing sleep over money issues and financial stress is leading to illness, absenteeism and increased health care costs.
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