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[Infographic] The Cost of Financial Stress


Many financially stressed employees confess to spending 3+ hours of their work week distracted by personal finances[1], that’s 156 hours per year. This means you could be losing up to $5,260 per employee![2]

So, what can employers do? Here are three ways employers can help employees manage financial stress:

  1. Offer financial wellness programs

  2. Encourage more savings with a company match

  3. Provide financial education

DOWNLOAD INFOGRPAHIC >>

[1] PricewaterhouseCoopers LLP. “Employee Financial Wellness Survey” (2018): PWC. May 2018.

[2] Based on 2017, employer costs for employee compensation (ECEC) $33.725 per hour. Bureau of Labor Statistics.

“Employer Costs for Employee Compensation- Dec.2017” www.bls.gov. March 20, 2018.


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CONTACT PWMG 401(k) ADVISORS

PWMG 401(k) Advisors

 

11 Foster Street, Suite 200

Worcester, MA 01608

OFFICE:   (508) 749-0352

FAX:         (508) 519-8426

WEB:        www.pwmg401k.com

EMAIL:     mlemay@pwmgllc.com

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