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Do personal financial woes lead to lousy worker productivity?
Is poor job performance linked to employees’ financial problems at home? Or is it a lame excuse for substandard productivity?
Kerry Hannon’s blog on Forbes.com sites a recent survey by the Society for Human Resource Management: “The vast majority of the HR professionals recently canvassed say their employees are grappling with more personal financial challenges than they were five years ago. And a whopping 83 percent say those challenges have an obvious impact on overall employee performance.”
Those polled said their personal finances are interfering with their ability to focus (47 percent), while stress also ranked high (46 percent). Does blaming finances keep staffers from being held accountable for their work? Do employees really need another excuse or do they simply need to do their jobs and check their personal challenges at the door? Can the two be separated?
The answer could lie in employers who help to mitigate stressors. Would financial management training at a reduced rate held after hours do the trick?
What we do for employees to reduce their worries will result in far greater long term productivity than relying on more reasons to make excuses.
Read the full article here.