Employees fret about personal finances during work hours: report
In the same way many people can't leave work problems at the office, there are those who struggle to park their personal issues at home.
Workers dealing with personal problems often find their minds wandering, and don’t do their best work. And money issues seem to be at the top of that list of stressers.
Forty-four per cent of full-time employees worry about personal finances during work hours, according to research from Purchasing Power, an American provider of supplementary workplace benefits. And that exacts a big toll on both their health and productivity.
"Stress over money takes both a mental and physical toll on workers, impacting health-related costs and reducing productivity by a significant number," says Richard Carrano, CEO of Purchasing Power. "Employees' financial problems become the employer's problems as well."
Their top cash flow concerns include insufficient emergency savings (49 per cent), delayed retirement (45 per cent) and not being able to meet monthly expenses (22 per cent).
Almost 30 per cent of employees spend time dealing with their financial issues at work — and, of those, 46 per cent devote as much as two to three hours per week, on average, to that task.
Does that sound like someone you know?
Do you have trouble separating your work and personal affairs? Do money issues haunt you when you're on the job?
By Gordon Powers, MSN Money
Posted by: Atul | Aug 9, 2021 6:23:00 PM
I believe instead of fretting over financial issues while at work; if only we give 100% committment to our jobs we might get JOB PROMOTION due to our preformance...financial issues resolved to an extent!!
You all have a great weekend.
Posted by: asd | Aug 13, 2021 9:03:33 AM
Atul, you are a dreamer. Many many times I have seen promotions go to "buddies" instead of the hardworking people. Sometimes they bring someone new to the company and ignore the ones already in there. Lately, the "promotions" I've been hearing about is just giving more responsability, but not a salary increase according to the new responsabilities.
When you are worried, you are worried. It does not matter if your at work or in a party. Of course money is one of the big culprits here. Everything is going up except wages and the economy does not look solid or stable.
My advice to the employers is to pay better and not try to squeeze every cent as profit. Sometimes losing you win, as my mother used to say.
My advice to these worried employees is to make adjustment on their lifes. Live below your means and be prepared for the worst. Believe me when I say we do not need the big house, 4 trucks on the driveway and live with the Jones. Peace of mind is the most important thing in life. It will allow you to enjoy life, family and even work.
My two dimes
Thanks
Posted by: Tiredandcrankey | Aug 13, 2021 1:32:47 PM
Yeah, there is no loyalty or experience in the workplace anymore, loyalty and experience costs money and doesn't look "good" on the books. People don't get promotions, they get a new job at a new company.