September 16 - 18, 2025
Mandalay Bay, Las Vegas
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2024 Program

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Struggling with High Turnover and Low Productivity? Why Financial Wellness May be the Key

September 24, 2024
Reef DF Ballroom
Total Rewards
Employee financial wellness is a critical issue that HR cannot afford to overlook. A staggering 78% of adults report living paycheck-to-paycheck, while nearly half of employees find it difficult to meet household expenses on time each month. The reality is that employee financial stress directly impacts productivity and retention. Financially stressed employees aren’t just distracted; they spend 3+ hours each week managing personal finances during work. This lost time decreases efficiency and can significantly affect overall business performance. Moreover, these employees are 2x more likely to leave for another employer, leading to high turnover rates and increased recruitment costs. In this panel discussion, hear from HR leaders who are transforming their workplaces by prioritizing financial wellness. We'll delve into the staggering statistics on financial stress, explore the real-world impact on productivity and retention, and uncover proven strategies to improve employee financial wellness.
Speakers
Penelope Talbot-Kelly, VP/GM, B2B - EarnIn
Janet Acosta, Benefits Manager - Hot Topic, Inc
Ryan Nelson, Senior Vice President, HR & Deputy General Counsel - Avalon Health Care Group

Session Type

Breakout Session

Learning Objective 1

1) Discuss the business impact of employee financial stress on productivity, turnover and absenteeism.

Learning Objective 2

2) Hear firsthand from HR leaders about why financial wellness is important to them, what they’ve done to solve it, and the impact that alleviating employee financial stress is having on their companies.

Learning Objective 3

3) Explore off-the-shelf solutions ready to deploy today that can impact employee productivity and retention.

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