For Employers
Help your employees eliminate their financial stress.
According to PwC, 60% of employees say they are financially stressed and 1 in 3 say that it has negatively impacted their productivity at work. Addressing employees’ financial stress has a positive impact on your organization.
Mentoro Helps Employers:
Recruit Top Talent
- Supplemental benefits can be the differentiator for top talent. 73% of financially stressed employees are more attracted to companies that care about their financial well-being.
Improve Retention
- Financially stressed employees are twice as likely to look for a new job. Today, 36% of financially stressed employees are looking for a new job, compared to just 18% of other employees.
Increase Retirement Readiness
- Among financially stressed employees, one in four have saved less than $1,000 for retirement and more than half plan to postpone their retirement.
Reduce Financial Stress
- Among financially stressed employees, 55% said that money worries had a severe impact on their mental health in the past year, leading to a decrease in engagement and attendance.
Raise Performance
- 44% of financially stressed employees admit that money issues have been a distraction at work. 56% of these employees spend 3+ hours weekly at work dealing with issues related to their personal finances.
Promote Benefit Participation
- Only 51% of the workforce contributed to an employer-sponsored 401(k) in 2021, despite 68% having access to a plan.
We would love to add your business to our growing list of happy, satisfied partners!
Be the hero and help your organization protect its bottom line!
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