Is Financial Stress Killing Your Employees?

Is financial stress killing your employees?

I read a blog article this morning where the author told a story about financial stress and how he felt like it had killed someone close to him.

That’s what I want to talk about today.

But first, let me ask you a question.

The real question is, how can you as a company that sponsors a 401k or 403b plan, turn your plan from a liability into an asset that gives you an advantage in the marketplace, and become a 401k superhero to your employees?

So this morning I was reading a blog article where the writer was telling a story about his own dad.

He went on to say that he learned that his dad was using credit cards to make minimum payments on other credit cards.

And that he had even taken a home equity line to help make the minimum payments on other credit cards.

He said that he felt this led his dad to making poor health decision, not staying in shape and even ultimately led to the heart attack that took his life.

When I thought about this, I started to wonder, how many employees may be in that same financial situation?

How might that be affecting their work?

And, what can we do about it?

What if your company were to build a financial literacy program?

And what if you had a way to teach them simple financial literacy processes for things like budgeting and getting out of debt?

Do you think that might change your employee culture?

Delta Airlines thinks it works.

They just launched a financial literacy program for their employees where they offer financial counselors to help with getting out of debt.

What if you could leverage your 401k plan to offer that same type of service? And it didn’t cost your company anything extra?

If you want to learn how to become a 401k Superhero to your employees by offering financial literacy, and potentially saving their lives, then we should have a conversation.

Click the link and lets you and I schedule a conversation today.