Money stress
47% of your staff are not sleeping at night due to money stress. These employees spend at least 3 hours per week at work, not working but trying to fix their finances. Their physical and mental health is suffering and so is their productivity. They are more likely to resign to cash in their provident fund—thinking using that money to settle debt will help when it will not.
Effects on Employees
Productivity
43% of financially stressed employees spend 3+ hours per week at work dealing with personal finances.
BEFORE WORTH
55% are worrying about money daily or weekly.
AFTER WORTH
Only 26% of people are still worrying about money at work.
Physical health
Employees with high financial stress are twice as likely to report poor health overall
Mental health
People with debt are three times more likely to have a mental health issue.
BEFORE WORTH
77% of people find managing their money stressful or challenging.
AFTER WORTH
80% of people now describe managing money as something they have under control.
Lifestyle
41% of South Africans are unhappy with their financial situation.
BEFORE WORTH
65% of people run out of money before the near next pay day.
AFTER WORTH
86% of people now spend less than they earn every month.
Presenteeism
25% of employees report that issues with personal finances have been a distraction at work.
Money
76% of South Africans will work their whole lives and end up broke.
BEFORE WORTH
62% of people can’t afford a R5,000 emergency without using credit.
AFTER WORTH
67% of people can now afford a R5,000 emergency without using credit.
