Improving financial wellbeing for better work outcomes
- May 13
- 1 min read
In this developmental research session presented at the Western Academy of Management Conference, we present a research study about how employers can help financially stressed employees. We investigated why these Millennials are hesitating to seek help and what sources they consult when searching for financial health information.
Abstract: Achieving optimal well-being for employees has been linked with increased productivity at work, less missed workdays and an overall improved quality of life (CDC, 2013). The Gallup and Healthways Well-Being 5 View indicate that in addition to physical health, four additional dimensions including purpose well-being, social well-being, community well-being, and financial well-being compose health (Gallup, Inc., 2015). The last dimension is especially relevant to Millennial employees as financial health is their biggest stressor (Keeter & Taylor, 2009) and they spend work time to alleviate this stress (APA, 2013). Employers can play an important role in helping Millennials with financial stress to achieve better work outcomes. In fact, of the 488 Millennials surveyed, 97% were financially stressed, yet they hesitate to seek help to improve their finances. This study investigated why these Millennials are hesitating to seek help and what sources they consult when searching for financial health information.
Citation: Lassu, R.A., & Huang, E.J. (2016). Taking action to resolve financial stress to achieve better work outcomes: How millennials search online and offline resources. Western Academy
of Management Conference. 9-12 March 2016. Portland, OR
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