Financial stress has been proven to strain job performance and work attendance, and a lot of employees need help saving money, even though they might not ask for it.(Photo: Shutterstock)
Over the past couple of years, Americans have gotten worse at saving money for their future. In fact, 40 percent of people wouldn't be able to afford a $400 emergency cost according to the Federal Reserve.
Financial stress that results from this lack of savings has been proven to strain job performance and work attendance, so employers are (or should be) jumping at the opportunity to improve the financial wellness of their employees beyond just retirement.
|What's keeping employees from investing in a 401(k)? (Hint: It's paying off debt)
To improve their financial health programs, companies must understand where the bulk of an employee's paycheck goes in the first place.
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