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Academic research

What does it say?

  • Financial stress affects employee responsibility in the workplace
  • Financial stress is linked to employee health and absenteeism
  • 61% of employees are worried about how much money they owe
  • 53.9% spent work time dealing with matters relating to financial matters
  • 20% were highly financially stressed
  • 300% increase in absenteeism due to financial stress since 1995
     

What is a financially stressed employee costing you?

  • Financial stress is an equal opportunity problem – from corporate head office to the mail room.
  • Financial stress does not stay at home.
  • The cost of one employee under financial stress is costing your business $7,000 per annum
  • How many employees does your business have?
     

How do you address this problem?

  • Improving financial literacy leads to better productivity
  • The most effective way to increase the financial literacy of your employees is to outsource it to a financial professional
  • enableMe provides this solution

Jinhee Kim & E. Thomas Garman – Financial Stress, Pay Satisfaction and Workplace Performance – Jan/Feb 2004 – Compensation and Benefits Review.
Ned A. Lenhart – How Much Will Employee Stress Cost your Company in 2006? – Employee Benefit Plan Review – January 2006.
Haiyang Chen and Ronald P. Volpe – Financial Literacy, Education and Services in the Workplace (Peer Reviewed Study)