Workers are stressing out over their finances — and its costing employers billions

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Employee financial stress is expected to cost companies more than $40 billion in lost productivity this year. Find out more.

this year, according to a new report by the National Payroll Institute. That figure is a huge jump from the $26.9-billion hit in 2021.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try again“On average, a financially stressed worker spends nearly 30 minutes every day dealing with their financial situation and not on the business tasks at hand,” says Peter Tzanetakis, the institute’s president. “Over the year, that’s over three weeks of lost productivity per employee.

 

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