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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

High financial stress among employees, including those with high incomes, can lead to mental and physical health impacts, which cost businesses in lost productivity. Financial stress impacts worker well-being, both mentally and physically Financial wellness and literacy are critical for the economic stability and peace of mind of employees.

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Want to Retain Your Team? Offer Financial Well-being Programs

Allwork

77% of employees say financial stress is affecting their mental health, and 52% said it’s impacting their physical well-being. . Employee financial stress is at an all-time high, according to HR Morning. For employees, finances are actually the top source of stress — even more so than health or family issues. .

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4 Smart Money Moves to Plan for Financial Security

Success

Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances. But running away from the stress of planning for your finances only causes that stress to pile up and keeps your financial situation something you’re not proud to talk to your parents or friends about. Trust me: I get it.

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A Single Mother Struggling to Budget Weighs the Balance Between Just Surviving and Really Living

Success

Even more confident. And fantasy, I’ve learned, is important, especially when your default setting is a fiscally stressful reality and “hobbies” that include devouring articles on finance, budgeting, inflation and retirement. Was I so deprived that a simple spritz of perfume changed my sense of self?

Budget 263
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Transforming Your Relationship with Money

Success

Money issues can be deep-seated and convoluted, so a professional counselor specifically trained in emotional stress around finances might be a good option to support you on this journey. Complete the exercise by writing down the things you think would make you feel confident around your finances. Look to the future.

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How My Experience as a Black Entrepreneur Shaped My Views on Building Financial Freedom

Success

Instead, in an effort to avoid conflict altogether, they are far more likely to quit, which could have a negative impact on their earning potential, retirement account contributions, health care coverage and other financial employee benefits. Having allies at work isn’t just about having a confidant or an enforcer of policies.

Medical 273
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Avoid Burnout by Creating Your Own Utopia

Office Dynamics

Unfortunately, burnout is real, it’s draining, emotional, stressful and typically affects both professional and personal lives. Supporting a positive team-focused environment helps reduce stress that can cause burnout. Confidently acknowledge your experience as a valuable asset. Anticipate upcoming projects and deadlines.