5 W A Y S F I N A N C I A L S T R E S S I M P A C T S Y O U R B U S I N E S S There ’ s no way around it : if your employees are stressed about their finances , it ’ s going to negatively affect your business ’ s bottom line But , why is that the case ? We ’ ve got five reasons why it ’ s your best interest to help your employees tackle their financial stress head - on 1. Reduces productivity Research shows that employees who are stressed about money are more likely to spend time at work focused on their financial issues instead of working , negatively affecting their productivity A 2017 report by PwC estimates that 30% of employees are stressed about money , and that an employee that ’ s concerned about their finances spends an average of 3 hours per week distracted by their issues when they ’ re supposed to be working This can amount to a major amount of money ... QUBER V O L U M E 1 • I S S U E 7 • T H E E F F E C T S O F F I N A N C I A L S T R E S S WORKPLACE WELLNESS • JULY 2021 www quber ca • contactus @ quber ca D I D Y O U K N O W ? In 2020, 8 in 10 Canadians said at least one aspect of their finances causes them stress FP Canada , 2020 Those who experience financial stress are twice as likely to report poor overall health and four times as likely to report issues like headaches , sleep problems and high blood pressure FCAC , 2020 80% of employees want access to financial planning workshops or financial wellness tools but only 20% of employers offer these programs today MetLife , 2020 Continue Reading F U R T H E R R E A D I N G Special Report : Financial Stress and the Bottom Line A 2017 report by PwC https :// cdn 2. hubspot net / hubfs /17 2936/ pwc - financial - stress - and - bottom - line pdf For more information on how QUBER can facilitate a match - based saving program for your employees , send us an email at contactus @ quber ca Financial Wellness in the Workplace A series of resources provided by the Financial Consumer Agency of Canada , 2021 https :// www canada ca / en / financi al - consumer - agency / services / financial - wellness - work html Financial Wellness Programs Foster a Thriving Workforce A 2019 report by MetLife https :// www metlife com / employ ee - benefit - trends / ebts - financial - wellness -2019/ 2021 Financial Stress Index A 2021 study by FP Canada https :// fpcanada ca / docs / default - source / default - document - library /2021- financial - stress - index - survey - results pdf You ' re an employer who ' s looking to create a financial wellness program for your employees You may be wondering , what will ensure my program ' s success ? A great place to start is to hear from your employees directly on what they need and want in a financial wellness program No two businesses are alike , and the same goes for your staff Understanding where they feel their greatest financial pain points are , where they could use more professional support and what would really engage them will help you design a program that ' s best suited for your team One of the best ways to gather this information is to ask your employees to complete a financial wellness assessment Though you shouldn ' t ask for specifics about each employee ' s financial situation , asking them about general topics like their levels of financial stress and their confidence with money management can help you determine where your dollars are going to be spent most effectively To make things easy for you , we ' ve created a financial wellness assessment you can use with your team Simply click the button below and we ' ll forward you a copy for free ! Request my free assessment