Graphic Media Alliance

Complete Story
 

06/04/2025

Your Employees Are Financially Stressed - It Could Affect Your Business

Source: Fisher Phillips, May 27, 2025

Snapshot Look at the Impact of Financial Stress on Employee Productivity

At a time of increasing economic uncertainty, it should come as no surprise that employees are choosing to prioritize roles accompanied by competitive benefits packages and financial wellness programs. Consequently, employers are being called on to evaluate and assess the effectiveness of their benefits packages and other offerings to ensure they consistently meet the evolving needs of employees. The benefit? A happier and more productive workforce.

What do manufacturers need to know?

Financial stress is real. Even more real is the effect of that stress on an employee’s ability to effectively perform the functions of their job.

Why is this a specific problem for manufacturing workers?

This especially applies to employees in the manufacturing industry, who may struggle with limited financial literacy and tight budgets. Naturally, this stress is not checked at the door when employees arrive to work. Rather, they carry this stress with them throughout each day, leading to decreased concentration, attendance, and effectiveness on the production floor.

What are the specific concerns in the manufacturing sector?

Given the dangerous machinery and equipment on manufacturing floors, they are highly safety-sensitive work environments that demand the utmost focus and attention of workers.  Any distraction, and particularly one as acute as financial duress, presents serious risk for both the safety of workers and operational success.

What should you do?

You should therefore strongly consider introducing financial wellness programs and other benefits to your employees. Access to resources like financial education, student loan assistance, emergency fund access, and flexible paydays allows employees to take better control of their finances. This helps lend itself to decreased stress and improved performance at work, which results in long-term gain for your manufacturing operation.

Why should you do it?

Studies show that there is a direct and tangible benefit for employers who invest in the financial well-being of their employees: reduced turnover, increased morale, and an overall more efficient workforce. Accordingly, you should aim to provide financial wellness programs and other financial health benefits that meet the specific needs of your workforce in order to promote long-term success.

For a deeper dive into the situation and how your business measures up, you can read the full Insight here.

Printer-Friendly Version



2025 Wage + Benefits Survey is Now Open!

Participate in the survey to compare your labor costs and human resource policies to others in the print-related industry to see where you stand! Are you ahead or behind the curve?

Read More

Understanding Extended Producer Responsibility

Two Sides North America shares why it's vital for businesses in the paper and print industry to understand the Extended Producer Responsibility (EPR).

Read More

An Employer’s Playbook for ICE Audits and Workplace Raids

Immigration enforcement across the country has raised tensions at workplaces across all industries, with federal officials ratcheting up the pressure – what if your business is next?

Read More

You’re Invited: DPS Open House

Digital Print Solutions (DPS), a longtime member and valued partner of Graphic Media Alliance, is hosting a special Open House on Thursday, June 26 at their new office in Macedonia, Ohio. Don’t miss this opportunity to explore the latest print innovations, connect with industry experts, and enjoy great hospitality!

Read More

Trust, Sales, and Time

Bill Farquharson's granddaughter appears to have the stranger-danger gene. Unfortunately, she demonstrates it any time he is around. His best tactic for winning her trust is akin to yours when it comes to a new account, and that is this week's Short Attention Span Sales Tip.

Read More