Canadians’ financial wellness impacts business

To bring their best to work, employees need to be physically, mentally and financially healthy. 

According to Manulife Financial Wellness Index 2016, 40% of survey respondents indicated that they have a “low level of financial wellness.” And 49% of the financially unwell felt distracted at work because of financial worries (such as a lack of retirement readiness and mounting distractions due to being in debt), which diminishes their performance at work. 

It makes sense that Canadian employers who seek to provide services and support for their employees’ financial wellness can potentially influence their companies’ bottom lines by having more engaged employees.