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:1/23/2017)... ... January 23, 2017 , ... Valentine’s Day is a time when many people celebrate romance ... those who may be looking for the ideal present, Atlanta-based Perimeter Plastic Surgery ... additional $25 free. Or, spend $200 and get $50 free. , “A lot of ...
(Date:1/22/2017)... SAINT- MALO, FRANCE (PRWEB) , ... January 22, 2017 , ... ... the Indian Ocean, isolated from the rest of the world with ZANZIBAR MILKY CREAM. ... Africa, Phytocéane used key ingredients like Virgin Coconut Oil and moisturizing vegetal coral to ...
(Date:1/22/2017)... ... January 22, 2017 , ... Zifam Pinnacle, an Australian ... world, recently met with big-name retail buyers at the January ECRM Trade Show in ... and uses the utmost safety standards in all of its creations to help create ...
(Date:1/22/2017)... ... January 22, 2017 , ... "Photo Cloud allows FCPX users to add ... slideshow with complete ease," said Christina Austin - CEO of Pixel Film Studios. ... FCPX timeline. Presets include scenes with one, three, four or five focus ...
(Date:1/22/2017)... ... , ... Medical lab testing through hospitals and other traditional methods ... will take days to arrive to the end customer, having to travel through medical ... lab tests, bypassing the cost and delay of traditional means. Now all employees of ...
Breaking Medicine News(10 mins):
(Date:1/23/2017)... InDex Pharmaceuticals Holding AB (publ) today announced ... of the European Crohn,s and Colitis Organisation (ECCO). The ECCO congress ... on inflammatory bowel disease (IBD). The congress is held in ... ... again having been selected to present data at the largest IBD ...
(Date:1/23/2017)... 23, 2017 Just two weeks remain until legal experts and ... in Central London to discuss the flow of ... the market, Parallel Trade 2017 . In the run ... attendees which is available to read in the event download centre ... Some of those ...
(Date:1/22/2017)... ABU DHABI , Saudi Arabia , January ... the US and UAE ... of the Future , at the World Economic Forum   ... future will be driven by big data and powered by artificial intelligence and ... of experts that discussed the ,Hospital of the Future, at the concluding day ...
Breaking Medicine Technology: