What are the company losses due to employee financial stress?

Lack of proper consentration on duties, Lack of trust of employees, Lack of interest of employees on their assignments, Negligence and Carelesness all sumed up to bring poor performance which inturn leads to the company's loss.

When an employee is facing financial pressures, he could not control the decision-making and can not control his emotions, which leads to damage to the facility

Company looses best service from the employee as he/she can not put full effort due to his/her financial stress.

There are lot of Examples of Company Losses due to Financial stress of employee some of them are written bellow.

worker is physically present on his work station but mentally absent due to distractions about Financial concerns.

Financially stressed workers are less satisfied with their jobs and their pay, and are more likely to go looking for greener pastures elsewhere.

stressed employee will spend Minimum20 hours per month dealing with financial issues at work.

Negligence and Carelessness

 All these causes are bring poor performance which are the reasons of the company's loss.

Demotivation, decreased operating efficiency, reduced level of concentration which leads to mistakes during the performance of daily tasks,  dissatisfaction of employees which can be fatal for a company, especially in production.

Stress will hit the ability of employees and it will consequently effect the productivity and absenteeism

Productivity of performance.

Output

Negligence and Carelesness all sumed up to bring poor performance which inturn leads to the company's loss."

if an employee face financial stress, then he will lose his 

1. concentration: that leads to mistakes which will hit the confidence level

2. analytical ability will be distorted and ultimately decision making skill shattered

3. If the financial stress is for a long time , it will  effect his attitude, and it will be more dangerous if he/she works in sales or customer care related department

Some of such losses would be:

• Job Dissatisfaction
• Impact on Mental & Physical Health of the Employee
• Performance downfall
• Failure in Achieving work targets, Project Goals and Business Objectives etc.
• Negligence and Carelesness (As Mr. Sultan mentioned above)
• Weaken the Professional committment of the Employee
• Effects on Work Culture & Environment etc.