By DJ Enga, Financial Wellness Services Manager at AllOne Health
The Rising Challenge: Financial Stress in the Workplace
Financial insecurity is at an all-time high, affecting employees’ mental well-being, job performance, and overall productivity. When employees worry about debt, savings, or unexpected expenses, it doesn’t just impact their personal lives—it affects their focus, engagement, and even their decision to stay with an employer.
For HR and benefits leaders, this presents both a challenge and an opportunity: by addressing financial well-being, organizations can drive higher retention, engagement, and performance while fostering a healthier, more productive workforce. But with so many financial wellness solutions available, where should you start?
How Financial Health Impacts Employee Well-Being & Business Performance
Financial concerns don’t stay at home—they follow employees to work, creating tangible business consequences:
✔ Lower Productivity – Financially stressed employees spend nearly three hours per week dealing with money-related issues on company time.
✔ Higher Absenteeism – Employees facing financial difficulties are more likely to call out or take unplanned leave due to stress.
✔ Increased Turnover – Employees seeking financial stability may leave for employers offering stronger financial wellness benefits.
✔ Mental Health Struggles – Money worries are a top cause of anxiety, depression, and workplace stress.
Organizations that prioritize financial well-being see higher job satisfaction, better retention rates, and increased workplace performance—all critical to maintaining a strong workforce.
How AllOne Health’s EAP Can Help Employees Take Control of Their Finances
HR leaders don’t have to be financial experts to support their employees. AllOne Health’s Employee Assistance Program provides expert financial guidance, counseling, and resources—all at no cost to employees.
Our comprehensive financial wellness services offer practical, confidential, and accessible solutions to help employees manage their finances and reduce stress:
1. Personalized Financial Coaching & Debt Management
Employees can work one-on-one with financial coaches to create customized action plans for reducing debt, improving budgeting skills, and increasing savings. Whether struggling with credit card debt, student loans, or medical bills, expert guidance is available to help them gain financial stability.
2. Free Legal & Financial Consultations
Many financial stressors—such as estate planning, divorce, housing issues, and budgeting—come with complex legal and financial considerations. Our EAP provides employees with free legal referrals and financial consultations, ensuring they get expert advice without high costs.
3. Retirement & Investment Planning Support
Employees who feel unprepared for long-term financial security often delay essential planning. Our financial specialists provide guidance on 401(k) contributions, IRA options, and investment strategies, empowering employees to take control of their financial future.
4. Emergency Financial Assistance & Planning
Unexpected expenses—like medical bills or car repairs—can derail financial stability. Our EAP connects employees to emergency financial resources, hardship relief programs, and budgeting tools to help them prepare for life’s uncertainties.
5. Financial Wellness Webinars & Educational Workshops
Knowledge is power when it comes to financial well-being. On-demand webinars and workshops cover essential topics like budgeting, home buying, debt management, and credit repair—giving employees the tools they need to build financial confidence.
Why Financial Wellness is a Business Imperative
Organizations that invest in financial wellness programs see measurable benefits:
✔ Higher Retention – Employees who feel financially supported are more likely to stay with their employer.
✔ Greater Engagement – Financially secure employees report higher job satisfaction and motivation.
✔ Increased Productivity – Employers save thousands per employee per year by reducing financial stress-related distractions and absenteeism.
Take Action: Empower Your Workforce with Financial Wellness
Financial stress affects everyone, but employers have the power to make a difference. By integrating financial wellness resources into your EAP, you provide employees with the tools they need to improve their financial health, reduce stress, and stay focused at work.
At AllOne Health, we offer expert financial consultations, coaching, legal referrals, and educational resources to help employees take control of their financial future. Let’s work together to build a healthier, more resilient workforce.
Want to explore financial wellness solutions for your employees? Contact us today to learn how AllOne Health’s EAP can support your organization.
