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When a company's employees are sick or suffering from emotional stress, it can affect their absenteeism and productivity rates. Survey results from the Financial Fitness
When a company's employees are sick or suffering from emotional stress, it can affect their absenteeism and productivity rates. Survey results from the Financial Fitness Group indicate that 80 percent of workers in the U.S. and Puerto Rico are under moderate to high levels of financial stress. To reduce these stress levels, some companies are implementing financial wellness programs that "include finance classes, counseling sessions, and even video games designed to help staffers pay down debt, stick to a budget, and invest for their retirement." Meredith Corporation encourages its employees to complete a financial wellness questionnaire or take a course on refinancing their mortgage in exchange for points that make them eligible for lower healthcare premiums. The company estimates that 88 percent of its workers who reported less money stress used no sick days in the prior year, whereas only 78 percent of employees who reported higher levels of stress used no sick days. Source: Rachel Feintzeig, "Can Companies Solve Workers' Money Woes." The Wall Street Journal, April 8, 2015, pp. B1 and B6. Directions Be sure to read all directions prior to engaging with this activity. 1. For this discussion board, I would like you to discuss the approach of making sure employees are personal finance savvy to help cut down on sick days. This approach seems to be a "win-win" idea. Please explore your thoughts. Are there any other ways a company could help cut down on sick days for employees? 2. Use the 'reply' arrow below to start your initial post. 3. In your initial post, I would expect at least a 200 word response
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