Failing to provide a robust financial-wellness package for employees stagnates creativity, proactivity and engagement in the workplace, and forces employees to waste time on the clock stressing about personal issues. Elevated levels of stress also go hand in hand with absenteeism. Offering more robust financial-wellness programs fosters a culture of upward mobility within an organization, allowing companies to recruit younger talent earlier. If an employee feels financially secure enough to retire, that rung on the corporate ladder becomes available for younger talent to occupy. If employees believe that they must keep working to increase their retirement coffers, promising junior employees will eventually get discouraged and leave the company in search of more fulfilling opportunities that progressively elevate job titles and responsibilities.
"Companies that do not offer financial wellness programs leave significant profits on the table, resigning their businesses to languish in an evolving corporate world. Simply put, financially healthy employees mean good business," said Ross.
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