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:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was ... his family verbally and physically. , “When something upset him, he couldn’t control his emotions,” ... He would throw rocks at my other children and say he was going to kill ...
(Date:6/24/2016)... ... June 24, 2016 , ... Dr. Amanda Cheng, an ... Cheng has extensive experience with all areas of orthodontics, including robotic Suresmile technology, ... , Micro-osteoperforation is a revolutionary adjunct to orthodontic treatment. It can be ...
(Date:6/24/2016)... ... , ... People across the U.S. are sharpening their pencils and honing their ... in which patients and their families pay tribute to a genetic counselor by nominating ... of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. , In April, ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... Grove Investment Group (TGIG), has initiated cultivation and processing operations at its production ... and Pahrump, Nevada. , Puradigm is the manufacturer of a complete system of ...
(Date:6/24/2016)... ... , ... Venture Construction Group (VCG) sponsors Luke’s Wings ... the Woodmont Country Club at 1201 Rockville Pike, Rockville, Maryland, 20852. The event ... that have been wounded in battle and their families. Venture Construction Group is a ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- According to a new market research ... Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, ... Purchase (Retail, Non-Retail) - Trends & Global Forecasts to ... for the forecast period of 2016 to 2021. This ... 2021 from USD 1.65 Billion in 2016, growing at ...
(Date:6/23/2016)... , June 23, 2016  MedSource announced ... as its e-clinical software solution of choice.  This ... best possible value to their clients by offering ... The preferred relationship establishes nowEDC as the EDC ... for MedSource,s full-service clients.  "nowEDC has long been ...
(Date:6/23/2016)... -- In a startling report released today, National Safety Council ... comprehensive, proven plan to eliminate prescription opioid overdoses. Prescription ... are tackling the worst drug crisis in recorded U.S. history, assigned ... Kentucky , New Mexico , ... 28 failing states, three – Michigan , ...
Breaking Medicine Technology: