It’s no surprise that financial stress makes people less productive in the workplace.

Now many employers are beginning efforts to educate employees about budgeting, investing and other financial matters to curb any idleness.

A Society for Human Resource Management survey of human resources professionals found that 83% said their companies were affected by workers’ personal financial problems. About half said workers had trouble focusing on work, and 24% said financial problems led to tardiness and absenteeism.

The AICPA and SHRM joined forces to launch the WLIFE awards, recognizing organizations with exemplary workplace financial literacy programs.

For more information, contact Howard J. Kass, CPA – Partner, at hkass@zinnerco.com.