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Research Annual Cost Reduction with Payactiv for Businesses with 5,000 Employees

Savings for Business with 5,000 Employees

Financial wellness is key to employee health, engagement, retention, and recruitment.

Today, nearly 100 million U.S. workers live paycheck-to-paycheck with less than $500 in liquid savings. Consequently, this financial stress costs American companies $300 billion per year due to decreased productivity, increased absenteeism, accidents, turnover, and rising healthcare premiums for employees succumbing to stress-related illnesses.

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The cost of financial stress on businesses:

  • 71% of employees say they suffer from financial stress.
  • 53% report that it interferes with their ability to focus and be productive at work.
  • 20% miss work to deal with a financial emergency or because of health issues related to financial stress.