Workplace Slideshow: Money Woes Take a Toll on Worker Performance

By Dennis McCafferty  |  Posted 01-30-2012

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.

Money Woes Take a Toll on Worker Performance

Money Woes Take a Toll on Worker Performance - Page 2

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.

Money Woes Take a Toll on Worker Performance - Page 2

Money Woes Take a Toll on Worker Performance - Page 3

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

Money Woes Take a Toll on Worker Performance - Page 3

Money Woes Take a Toll on Worker Performance - Page 4

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

Money Woes Take a Toll on Worker Performance - Page 4

Money Woes Take a Toll on Worker Performance - Page 5

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

Money Woes Take a Toll on Worker Performance - Page 5

Money Woes Take a Toll on Worker Performance - Page 6

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

Money Woes Take a Toll on Worker Performance - Page 6

Money Woes Take a Toll on Worker Performance - Page 7

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

Money Woes Take a Toll on Worker Performance - Page 7

Money Woes Take a Toll on Worker Performance - Page 8

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

Money Woes Take a Toll on Worker Performance - Page 8

Money Woes Take a Toll on Worker Performance - Page 9

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%)

Money Woes Take a Toll on Worker Performance - Page 9

Money Woes Take a Toll on Worker Performance - Page 10

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

Money Woes Take a Toll on Worker Performance - Page 10