Speaking of debt problems and employee assistance programs, consider more outreach in this area if you are not doing so now. People use a lot of denial and magical thinking to deal wit their financial problems.
A
recent MetLife Study of Employee Benefits
Trends discovered that about 44% of employees live paycheck to paycheck,
and nearly 60% are very concerned about having enough money to make ends meet.
Most people would agree that financial stress is difficult with its accompanying
worry and distraction, but this is only part of the story.
Many people endure
financial stress alone because of stigma, fear of being judged by others, or
feeling guilty because of overspending. These issues can keep employees from
seeking help, even from the most trusted EAP. Financial stress can contribute to headaches,
backaches, ulcers, increased blood pressure, depression, anxiety, and panic.
Many employees will cope with financial stress using denial, magical thinking,
and or coping strategies that relieve fear, but don’t solve their problems. As
problems worsen, risk increases for falling prey to payday loans, internet
schemes, gambling, or other high risk remedies. Financial problems diminish
one’s sense of autonomy, feelings of security, and self-control. So with
financial problems come increased workplace absenteeism, diminished workplace
performance, and depression. All of these things can adversely affect
productivity. Print this form and fax it to get a free trial to FrontLine Supervisor Newsletter to get more good stuff like this and drive more referrals to your program. Print this brochure and fax it. Just mark on it "Dan, just give me a free trial. Don't bill me."