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For today’s workers, financial wellness is about finding more financial stability, reducing anxiety and feeling capable of dealing with an uncertain world. (Photo: Shutterstock)

One of the hottest topics in corporate boardrooms and among HR professionals these days is financial wellness. There is now a wealth of evidence that employees who feel financially secure are more engaged and productive. The opposite is also true – financially stressed workers are much more likely to take days off and be distracted and unproductive when in the office. At the extreme, stressed out workers who are truly disengaged can have a toxic impact on others.

Despite the improvements in the economy over the last few years, employees who feel at least some anxiety about their personal finances are now more the norm than the exception. This is especially true of millennials, who today make up the majority of the workforce. For senior executives who are baby boomers or even Gen Xers, it’s important to understand that your millennial employees are facing powerful financial and economic headwinds, the likes of which we haven’t seen in decades.

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