Your employees are dealing with more financial problems!

Your employees are dealing with more financial problems!

๐——๐—ผ๐—ฒ๐˜€ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฒ๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—ฒ๐—ฒ ๐—ต๐—ฎ๐˜€ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฝ๐—ฟ๐—ผ๐—ฏ๐—น๐—ฒ๐—บ๐˜€?

Four out of five employers (80%) deal with employees with financial problems. Most organizations feel they can help their staff. However, they are often only aware of the problems at a late stage. A study from โ€œDeloitte, VNO-NCW and SchuldenlabNLโ€ shows that more and more employees have debts. This is worrying, because a healthy financial situation among employees is essential for employers. If an employee has financial worries, this often leads to reduced productivity and higher absenteeism. Of employers, 85% recognize that debts not only have a negative impact on employees, they also suffer from it.

๐—•๐—ฒ ๐—ฎ๐˜„๐—ฎ๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐—ด๐—ฎ๐—ฟ๐—ป๐—ถ๐˜€๐—ต๐—บ๐—ฒ๐—ป๐˜๐˜€

Almost 80% of employers are happy to help employees with financial problems and 58% even see this as their responsibility. However, they are often only aware of their employees’ problems at a late stage. This only comes into play, for example, in the case of wage garnishment. The main obstacles for organizations to promote the financial health of their employees are concerns around privacy and the General Data Protection Regulation (GDPR).

๐—ฆ๐˜๐—ฎ๐—ณ๐—ณ ๐—ฟ๐—ฒ๐˜๐—ฒ๐—ป๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—ถ๐—บp๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐—ฐ๐—ฒ

Organizations benefit from addressing debt issues among their staff. Less employee debt leads to more engagement, less absenteeism, less risk of fraud and higher productivity. Due to the tight labor market, finding good staff is a challenge for many organizations. Therefore, employee retention is an important issue.

Want to have a talk about the above and how to translate this within you own organisation?
๐——๐—ผ ๐—ป๐—ผ๐˜ ๐—ต๐—ฒ๐˜€๐—ถ๐˜๐—ฎ๐˜๐—ฒ ๐˜๐—ผ ๐—ด๐—ถ๐˜ƒ๐—ฒ ๐˜‚๐˜€ ๐—ฎ ๐—ฐ๐—ฎ๐—น๐—น!