In the age of Covid-19, employees are faced with new financial challenges that are increasing their stress levels and cascading down to their work. In a recent survey fielded just weeks after the pandemic began to take hold, 60% of employees indicated that the financial stress they’re feeling has a detrimental impact on their work performance. This is particularly difficult for employers during a time when organizations need to maximize productivity to offset the growing pressures on their businesses.
In Edelman Financial Engines’ latest report “Covid-19 and Financial Well-Being” we explore how employers can help employees manage financial stress, be better prepared, and improve work productivity.
In this report, we’ll highlight:
- Employee financial well-being amid Covid-19, as measured by financial stress, readiness, and outlook
- The impact of financial stress on work productivity and an employee’s future financial stability
- How employers can ensure employees find their track