Navigation Links
Financial Distress Taking Toll on Employee Health
Date:5/28/2009

SUMMERFIELD, Fla., May 28 /PRNewswire-USNewswire/ -- "Financially distressed employees have trouble functioning in their jobs, and this is hurting their physical health as well as taking a bite out of the employer's bottom line," says Dr. E. Thomas Garman, president, Personal Finance Employee Education Foundation (PFEEF).

Poor financial health also negatively impacts emotional health. One-third of school, hospital, and technology employees surveyed reported they were so sad or down they could not perform the tasks expected of them at work, and this was directly related to high levels of financial distress.

Financially unhealthy employees are more likely to smoke, eat unhealthy diets, be overweight, and are less likely to exercise regularly, researchers found. Such lifestyle risks contribute to poor health outcomes--another factor connected with reduced workplace productivity and more absenteeism.

Worry about mounting debt and telephone calls from creditors diverts employees' attention from job responsibilities. PFEEF Director of Research, Dr. Aimee Prawitz, contends that, "Depending upon the workplace, 30% to 80% of employees waste work time dealing with personal financial matters, and it typically amounts to 12 to 20 hours a month."

"Research shows clear links among financial distress, workplace productivity, and health. Employers who improve employees' financial well-being will see improvements in their bottom lines as well," says researcher Pete Shatwell of Two Medicine Health & Financial Fitness in Bozeman, Montana.

Brad Barron, president of CLC Inc., and a member of PFEEF's Board of Trustees, says, "Think twice employers--employee financial problems are their own but it's your problem."

Of 441 employees surveyed in Colorado and Montana by Two Medicine, 36% reported reduced emotional health, including depressive symptoms; 26% of this group, however, stated they had no plans for managing their emotional health. Whether such employees do not know where to turn for help or do not seek help for other reasons, the outcomes for employers are negative.

PFEEF shares research, expertise, and best practices demonstrating that profits increase when employees have easy access to financial education resources to reduce personal financial distress and improve financial well-being. All information on the PFEEF website is available at no cost (www.PersonalFinanceFoundation.org).


'/>"/>
SOURCE Personal Finance Employee Education Foundation
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. WorldHeart Appoints David Pellone Chief Financial Officer
2. Align Technology Executive to Present at Upcoming Financial Conferences
3. Somanetics Corporation to Release Third Quarter 2007 Financial Results and Host Conference Call September 19
4. Martek Announces Third Quarter 2007 Financial Results
5. Retired NYPD Lieutenants William E. Keegan, Jr., Owen McCaffery and John Moran and Tom Thees, a former COO in the financial industry, announce today the formation of H.E.A.R.T (Healing Emergency Aid Response Team) 911.
6. Presidential Candidates Address Health, Financial Security at AARPs Life@50+
7. VNUS Medical Technologies Announces Resignation of Chief Financial Officer and VP, Finance & Administration
8. NMHC Reports Fourth Quarter and Fiscal Year 2007 Financial Results
9. Transition Therapeutics Announces Fiscal 2007 Year End Financial Results
10. Peoples United Financial CEO Has Surgery
11. Assured Pharmacy Retains Empire Financial Group
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... Creek, Michigan (PRWEB) , ... June 26, 2016 , ... ... joined as sponsor of the 2016 Cereal Festival and World’s Longest Breakfast Table in ... in honor of the city’s history as home to some of the world’s leading ...
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements owned ... developed to enhance the health of felines. The formula is all-natural and is made ... in the PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus Root ...
(Date:6/26/2016)... , ... June 26, 2016 , ... ... once they have been diagnosed with endometriosis. These women need a treatment plan ... require a comprehensive approach that can help for preservation of fertility and ultimately ...
(Date:6/25/2016)... , ... June 25, 2016 , ... Austin residents seeking ... American College of Mohs Surgery and to Dr. Russell Peckham for medical and surgical ... effective treatment for skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by ...
(Date:6/25/2016)... ... , ... "With 30 hand-drawn hand gesture animations, FCPX users can easily customize ... Pixel Film Studios. , ProHand Cartoon’s package transforms over 1,300 hand-drawn pictures into ... Simply select a ProHand generator and drag it above media or text in the ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... -- Research and Markets has announced the addition ... 2022" report to their offering. ... with kidney failure, it replaces the function of kidneys by ... and thus the treatment helps to keep the patient body,s ... Increasing number of ESRD patients & substantial healthcare ...
(Date:6/23/2016)... DUBLIN , June 23, 2016 ... the "Pharmaceutical Excipients Market by Type (Organic Chemical ... Preservative), Formulation (Oral, Topical, Coating, Parenteral) - Global Forecast ... The global pharmaceutical excipients ... 2021 at a CAGR of 6.1% in the forecast ...
(Date:6/23/2016)... Roche (SIX: RO, ROG; OTCQX: RHHBY) announced that it ... (procalcitonin) assay as a dedicated testing solution for people ... Roche is the first IVD company in the U.S ... assessment and management. PCT is a sepsis-specific ... blood can aid clinicians in assessing the risk of ...
Breaking Medicine Technology: