It is important to cultivate a workplace culture in which people can set aside personal issues in a neutral space. However, the reality of life is that some personal issues are large enough that they start to have a negative impact on workplace behavior and performance. One of the most common examples is personal finance problems at home.
While issues of personal budgeting and debt may not directly pertain to an employee’s daily job performance, ripples can often be felt anyway. A person who is drowning in debt, or who has a sudden emergency for which they haven’t saved enough, may be stressed, preoccupied, uncooperative, or undependable.
All of these behaviors may characterize any employee at one time or other, but when they suddenly emerge as an employee who has otherwise displayed much better performance, it’s clear that something is the matter. There may be other issues at play (partner problems, illness, problems with children, etc.), but very often these issues relate to underlying money troubles (arguing with spouse about debt, being unable to cover medical expenses, not being able to afford adequate childcare).
For all of these reasons, it can be very helpful to struggling employees for the workplace to provide financial counseling. It is usually inappropriate to go directly to an employee and bring up the issue of personal finance problems at home, but there are more delicate ways to help the employee find out without triggering a human resources issue. Here are some of the ways to do just that.
Personal Finance Assistance for Employees
There are many reasons why an employee might have acute financial anxiety, and there is only so much you can do as an employer. But there are good methods to bring some of these problems into the light, to help your employee improve their personal financial standing and to be less preoccupied with money problems while on the clock.