A 2017 report by the Chartered Institute of Personnel Development (CIPD) offers reasons companies should take a greater interest in employee financial wellbeing, as well as steps organizations can take. One-quarter of UK employees in the report said that financial problems have affected their performance at work. Some said it has created illness or sleep difficulty – not exactly precursors to a productive day at the office.
UK workers aren’t the only ones with money concerns. Almost half of Americans (48%) said they would not have enough money for a major purchase or repair, according to a 2015 survey by Gallup. Additionally, 60% of all workers in the survey said they were cutting back on spending, which suggests awareness of the need to save more.
Read the full report here: https://www.cipd.co.uk/Images/financial-well-being-practical-guidance-report_tcm18-17440.pdf