17 Jun 5 Tips To Help Your Staff With Their Financial Stress
Did you know that approximately 60% of workers live paycheck to paycheck, with little or no savings?
Many People Take On Second Jobs.
According to our research…
- Many people are forced to take a second job; however, they still struggle financially.
- Close to 30% of all workers have less than $500 saved for emergencies.
An Employee’s Financial Strain Can And Will Impact Your Business.
As we know, financial stress impacts one’s focus and productivity.
5 Tips To Help Your Staff With Their Financial Stress.
- Pay your staff a fair wage.
- Offer financial literature about the importance of managing money and controlling spending.
- Create a payroll deduction program for a rainy day/emergency fund.
- Consider matching an employee’s contribution to the above-mentioned fund (create a spreadsheet for analysis).
Bring in a guest speaker each month to discuss the steps to save money and help curb spending.
Original content by the Drip Marketing Inc.. This information is provided with the understanding that Payroll Partners is not rendering legal, human resources, or other professional advice or service. Professional advice on specific issues should be sought from a lawyer, HR consultant or other professional.