For far too long, some might say from the very beginning, employers and employees have viewed their workplace benefits in silos.  The company's Retirement Plan stood on one side and the Health Plan on the other.  Separate and distinct with no overlap.  Is that really how they should be viewed?

Probably not.   When employees are financially secure, the positive benefits manifest in several areas.  And it makes sense that they would.  To presume that employees who are financially stressed outside on the job would leave all those stresses in the parking lot when they walk into work each day is simply naive.  Moreover, those financial stresses can take on a physical toll.  

Research from Prudential Retirement shows that financially stressed employees are
* 190% more likely to be depressed
* 88% more likely to be stressed overall
* 50% more likely to experience a disability claim
* 32% of Americans say that lack of money prevents them from living a healthy lifestyle.

What do these and other statistics like them mean for employers?  Ignoring your employees Financial Security will harm you in other ways including increased health insurance costs as well as workers compensation costs.  What's the answer?  Pay people more money?  Actually, no.  The answer is to help employees gain control of their financial lives through better budgeting, planning, and other tools to put them in a better place.  

Want to learn how?  Give me a call!

Pete Welsh
312-404-1909

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