How Debt Affects Employee Financial Wellness

Help your employees get out of debt

There are currently 25 85 million credit-active South Africans and approximately 40% of them are stinging with debt. And this likely includes your staff 

Employee financial wellness is a vital part of a company’s success. It helps retain top talent and job performance. With so many consumers struggling to pay their bills every month, it’s only expected that the side-effects of having financial problems will leak into the workplace. People spend most of their time at work and their mental, physical and financial health will have a direct impact. 

“Employers and HP management can make a significant difference in the lives of their over-in-debted employees while increasing productivity and decreasing absenteeism.” 

Employers and HR managers can make a significant difference in the lives of their over-in-debted employees while increasing productivity and decreasing absenteeism. Promoting opportunities that will enable your team to engage in effective debt management is the first step towards financial wellness. 

WHAT SIGNS SHOULD YOU LOOK OUT FOR: 

  • Increased absenteeism due to stress-related illnesses
  • Productivity loss
  • Increase in staff turnover due to staff seeking higher-paying positions
  • Garnishee orders
  • Signs of potential company theft or fraud 

IS THERE A SOLUTION TO DEBT IN THE WORKPLACE? 

Financially stressed employees often don’t want their employers or coworkers to know that they are suffering financially. The first step is building employee awareness and opening the door for communication. 

There are various solutions available for over-indebted consumers. The most successful option available is debt review. Debt review will help your employees by reducing their monthly debt repayments while ensuring they can afford to live and their assets such as their home and car is protected. 

Debt Rescue has helped thousands of consumers become debt free since 2008. If you would like to build debt awareness in your company, we can provide you with a no-cost to company customised digital booklet that you can share with your staff, allowing them to contact us discreetly. 

Request your FREE digital booklet at info@debtrescue.co.za – Please ensure you use the subject line “Employee Debt Awareness’ to ensure we respond quickly. 

  • Operated by professionals
  • Extremely easy process 
  • Outstanding success rate it 
  • Confidentiality guaranteed 
  • Multilingual assistance 
  • Specialist attorneys 

ABOUT DEBT RESCUE 

Debt Rescue assists consumers struggling with debt through the negotiation with Credit Providers for reduced payments and the restructuring of debts

We are dedicated to assisting our clients at every step of the way on their path to financial stability and operate across South Africa. 

Need immediate financial help?

Let us know your thoughts

Your email address will not be published. Required fields are marked *

Thank you!

We look forward to the opportunity to get you debt-free!