Addressing the Impact of Financial Stress

Addressing the Impact of Financial Stress

Employee financial stress costs American businesses an estimated $4 billion per week, driven by lost productivity, absenteeism, and turnover. This issue is no longer peripheral—it has become one of the most pressing challenges in the employee benefits space. Financial stress doesn’t stop at the workplace; it permeates every aspect of pay and benefits and extends into employees’ personal lives, impacting overall well-being. At its core, financial stress is a critical driver of employee engagement, influencing how employees show up, focus, and perform. Yet, current solutions often miss the mark by focusing solely on financial literacy and management skills. The real problem lies in the stress itself and the cognitive load it creates, which undermines employees’ ability to make sound financial decisions. In this session, we will explore a model that enables employers and employees to measure, understand, and manage financial stress effectively—laying the foundation for improved financial well-being and organizational health.  

Key Takeaways:

• What really is employee financial stress? 
  
  
• What role does it play in the broader issue of financial well-being? 
  
  
• How can financial stress and well-being be properly, scientifically measured and managed? 

For Health Action Council members only
SHRM, HRCI, and CEBS credit available