Almost 50% of working Canadians admit that stress related to personal finances negatively affects their performance at work, reducing their ability to focus on tasks. A study conducted by PwC revealed that financially stressed individuals are 5 times more likely to be distracted at work and 46% spend 3 hours or more a week dealing with financial issues.
For an organization of 200 members, distraction due to financial stress could mean 7,912 hours of annual lost productivity. With an average hourly wage of $25, that could translate to $197,800 of lost productivity costs due to financial stress.
With lower productivity, less satisfaction with pay and absenteeism due to stress, it’s imperative for organizations to monitor and improve the financial health of their workforce. Offering resources and support around navigating money and how to manage it can help individuals feel more satisfied with their job, committed to the company and improve health and productivity.
Join our webinar to find out how our web and mobile platform can help save you lost productivity costs, minimize absenteeism and navigate individuals to the resources and information they need, 24/7.
Date: Wednesday, July 24th
Date: Thursday, July 25th
Jennifer is a Sales Director at Novus Health and plays a key role in developing new business opportunities and supports the growth of our clients across Canada and worldwide. She has over 10 years’ experience in the health and wellness industry working with organizations to help promote health and wellness products, tools and services. She also holds a bachelor’s degree in Health Management from York University and is based in our home office in Toronto.
Richard is a Business Development Manager at Novus Health. For more than fifteen years, he worked in a business development role representing innovative health & wellness solutions for physicians, insurers, pharmaceutical companies and employees in the workplace with the objective of improving the health of the Canadian population. He holds a Bachelor of Physical Education from the University of Québec. Richard is based in our Montreal office.
Read more about how we assist businesses.
 PricewaterhouseCoopers, “Special report: Financial stress and the bottom line: Why employee financial wellness matters to your organization” (2017), p.11.