Workplace Slideshow: Money Woes Take a Toll on Worker Performance

Money Woes Take a Toll on Worker Performance

80% of survey participants say employees are dealing with more personal financial challenges than they did five years ago.

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72% of HR pros say that employees were more likely to dip into employer-sponsored retirement savings in the past 12 months than in prior years.

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49% of HR execs say the biggest financial challenge for employees is a lack of funds to cover their personal expenses.

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35% of HR pros say employees most struggle with covering medical expenses.

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26% of HR managers surveyed say the biggest challenge for workers is saving for retirement.

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22% of survey respondents say the biggest challenge for employees is credit-card debt.

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83% of HR pros say that personal financial challenges have had an impact on overall employee performance.

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Just 2% of survey respondents say financial challenges have had no impact at all on employee performance.

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How Financial Challenges Impact Performance: Ability to focus on work (as cited by 47% of HR pros) Stress (46%) Productivity (26%) Absenteeism/tardiness (24%) Overall morale (20%)

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52% of organizations offer financial education to employees, down from 64% in 2009.