Financial health affects mental health.
Don’t you agree?
One in four employees say they lose sleep about financial concerns and eight out of 10 take those worries into the workplace. Those are statistics we need to address!
Employees with money worries are almost five times more likely to suffer from depression while four out of five workers, according to a study by PwC, find it impossible to get from one pay cheque to another.
The cost to a business can be considerable – it is estimated that up to 13% of payroll costs are lost because of low productivity and related issues like absenteeism.
The awareness and concern for mental health has increased throughout society, especially during the Covid-19 pandemic, but the link between financial and mental wellbeing is clear.
There is no point in businesses spending money attempting to improve their employees’ mental wellbeing without a focus on financial health too.
Someone’s personal health is so, so important.
So too is their financial health.
Combining them both can lead to excellent wellbeing, in and out of work.
Being healthy counts. Being happy counts. Being in full control of your finances counts as well.