Second case analysis essay Case 9
Case 9.1, Alleviating Employee Stress through Financial Education
Yao Pan
ORGB 3201-08
March 2, 2015
1. Based on my understanding, even though providing financial education programs in company is not mandatory by law, the company still have an high degree of obligation to alleviate employees’ stress. The company is mainly running by human beings who can be positively or negatively affected by stress. By protecting health work of the business, the company is better of taking care of employee’s stress, which may be affected both emotional and physical. The financial issues of loan of debt will directly affect employees’ credit in the long-term in the bank, so it’s easy to understanding how nervous they are when the financial issues are coming up. They can be having too many personal things to do instead of completing a job in the work period, lack the ability needed to complete their jobs of decreasing performance, or even can cause biochemical changes in the body. Moreover, persons interpretation of financial issue stressors is different form another’s, so the outcome can’t be accurately predicted. By facing the negative outcomes from financial stress, I believe setting up a financial education programs in the company will provide an wide range of helping tools in handling financial issues and employees’ stress; therefore, loss of company can be reduced and even having some extra returns.
2. In my opinion, employees are stressing over their finances and employers are feeling the pain in lost productivity, which show as the high degree of negative influence of behavioral outcomes of absenteeism, turnover, and performance and cognitive outcomes of poor decision making, lack of concentration, and frustration. In real life, after subprime crisis in 2008, more and more employees preferred to spent time at work dealing with their personal finances, either spending hours considering saving money in tax rate and supermarket coupon or
Yao Pan
ORGB 3201-08
March 2, 2015
1. Based on my understanding, even though providing financial education programs in company is not mandatory by law, the company still have an high degree of obligation to alleviate employees’ stress. The company is mainly running by human beings who can be positively or negatively affected by stress. By protecting health work of the business, the company is better of taking care of employee’s stress, which may be affected both emotional and physical. The financial issues of loan of debt will directly affect employees’ credit in the long-term in the bank, so it’s easy to understanding how nervous they are when the financial issues are coming up. They can be having too many personal things to do instead of completing a job in the work period, lack the ability needed to complete their jobs of decreasing performance, or even can cause biochemical changes in the body. Moreover, persons interpretation of financial issue stressors is different form another’s, so the outcome can’t be accurately predicted. By facing the negative outcomes from financial stress, I believe setting up a financial education programs in the company will provide an wide range of helping tools in handling financial issues and employees’ stress; therefore, loss of company can be reduced and even having some extra returns.
2. In my opinion, employees are stressing over their finances and employers are feeling the pain in lost productivity, which show as the high degree of negative influence of behavioral outcomes of absenteeism, turnover, and performance and cognitive outcomes of poor decision making, lack of concentration, and frustration. In real life, after subprime crisis in 2008, more and more employees preferred to spent time at work dealing with their personal finances, either spending hours considering saving money in tax rate and supermarket coupon or