Payroll-Integrated Emergency Savings Proposed to Combat Workplace Financial Stress
Financial stress costs Canadian employers nearly $70 billion in lost productivity yearly. A new whitepaper proposes integrating emergency savings accounts directly into payroll systems to help workers build financial safety nets automatically.
Financial Stress Draining Billions from Canadian Economy
Canadian employers are reportedly losing nearly $70 billion annually due to productivity declines linked to employee financial stress, according to a groundbreaking new professional association study. Analysis from Canada’s Financial Wellness Lab suggests this represents more than double the $26.9 billion cost recorded just four years ago, indicating a rapidly accelerating workplace crisis across Canada.