The impact of debt on for employers is that there is an awful lot of people around who are constantly dragging around this millstone of personal debt. It’s impossible for this not to have an impact on performance at work, and I’d bet there are employees in just about every company who aren’t giving their best because part of their day is spent on the phone to creditors trying to sort out debts.
Even if they’re not overtly using company time to address their personal cashflow problems, the very fact that they’re stressed about money will make it more difficult to carry out their jobs. That potentially means mistakes, missed deadlines, below-par customer service and absenteeism.
Employer help
So then doesn’t that mean that it’s incumbent on employers to step in? HR is in a position to offer assistance to employees who are struggling in other ways, so why not debt? I’m preaching to the converted in saying that looking after the personal well-being of employees is a no-brainer, so if the rest of the board is rather shorter on humanity then appeal in the common language of currency. Happier workers mean better profits.
CALL US FOR A FREE COMPANY PRESENTATION FOR EMPLOYERS WHO WANT TO ASSIST EMPLOYEES IN DEBT AS PART OF YOUR HEALTH AND WELLNESS PROGRAMME
