Financially stressed employees pulling down productivity
A new employee group has begun showing up vividly on employer radar screens. It’s not defined by race, religion, gender, or any of the other familiar legally protected classes. The new group commanding the attention of employers is made up of workers suffering extreme stress brought on by extreme debt.
It’s always been in an employer’s interest to provide help to employees suffering the various stresses of life – health woes, family strife, and certainly financial distress – but the economic trouble of recent years seems to be taking a special toll on productivity.
Young employees saddled with exorbitant student loans are a notable subset of employees stressed over debt. A recent National Public Radio report profiled the case of a 30-year-old woman who graduated from the University of Pennsylvania with bachelor’s and nursing degrees and one more thing – $140,000 in student loans. She’s now employed and making more money than her parents (a school bus driver and a teacher), but she expects to be in her 50s before her loans are paid off. read more…



