Articles & Research Abstracts
Complete Reference
| Title | Personal financial stress affecting employee performance and retirement savings, shows SHRM survey |
| Available Online | http://www.marketwatch.com/story/personal-finan... |
| Publication Date | January 24, 2012 |
| Author | Society for Human Resource Management |
| Source | Market Watch |
| Source Type | Press Release |
| Summary | Focuses on the issue of employee performance and retirement savings. A survey by the Society for Human Resource Management found that employee worries about money are impacting work performance and retirement savings plans. About 55% of employees say they have been more likely in the past year to dip into their retirement savings plans than in previous years. 22% of HR professionals say that financial challenges have a large impact on work performance. Work performance affects and/or is affected by: struggling with the ability to focus on work (47%), overall employee stress (46%), employee productivity (26%), employee absenteeism and tardiness (24%), employee morale (20%), and employee health (12%). 52% of organizations say that they currently have financial education for their employees. |
| Reference | Society for Human Resource Management. (2012, January 24). Personal financial stress affecting employee performance and retirement savings, shows SHRM survey. Market Watch [Online]. Retrieved February 1, 2012, from www.marketwatch.com. |