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[Infographic] The Cost of Financial Stress

  • PWMG
  • Aug 7, 2018
  • 1 min read

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

[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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PWMG 401(k) Advisors

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324 Grove Street
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Worcester, MA 01605

CHICOPEE

450 Memorial Drive, Suite 407

Chicopee, MA 01020

Phone: (855) 508-401k
Fax: (508) 519-8426

Web: www.pwmg401k.com

Email: info@pwmg401k.com

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