Seventy two percent of employees say they worry about personal finances while at work, and one-third say they do so more than once a week. (Photo: Shutterstock)
When employees are worried about money, that drags on their ability to get their work done—and that can get expensive.
In fact, according to John Hancock's Financial Stress Survey of retirement plan participants, it can cost an employer approximately $2,000 per employee per year—and that can add up fast, especially considering that 72 percent of employee respondents owned up to worrying about personal finances while at work, and one-third say they do so more than once a week.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
