By: Nic Hayes
Financial stress isn’t just a personal issue—it’s a workplace issue. When employees worry about money, it affects their work. They miss more days, struggle with productivity, and disengage from their teams. In fact, with 78% of Americans living paycheck to paycheck, financial concerns are the number one stressor for employees today.
Supporting employees beyond salary and bonuses helps them take control of their finances and show up as their best selves at work. That’s where a financial wellness program can make a real difference.
Meet Alex: A Hardworking Employee Facing Financial Stress
Alex is a dedicated mid-level employee who wants to do well at work—but financial stress is dragging him down. He’s struggling to make ends meet, carrying $12,000 in credit card debt, and considering a 401(k) loan to cover unexpected expenses. His low credit score makes homeownership feel out of reach, and he’s not taking advantage of his company’s HSA, missing out on tax benefits.
At work, the strain is clear. Alex is distracted, missing deadlines, and pulling away from team projects. He’s even considering leaving for a higher-paying job, like many financially stressed employees, which could cost his employer thousands in turnover and rehiring expenses.
What Happens Without Financial Wellness Support?
Without access to financial wellness resources, Alex continues to struggle. Over time:
His debt grows, increasing financial stress.
He takes a 401(k) loan, sacrificing long-term savings.
He misses more work due to financial-related stress and exhaustion.
His performance declines, leading to negative feedback from leadership.
Feeling stuck and unsupported, he ultimately leaves for another job.
The cost? Higher turnover expenses, reduced team morale, and lost productivity for his employer.
How BrightDime’s Financial Wellness Program Can Help
Fortunately, Alex’s employer offers BrightDime, a comprehensive financial wellness program with unlimited access to financial coaching and a suite of easy-to-use financial tools. He decides to activate his account and books a session with a coach. Together, they create a personalized budget—aligning Alex’s spending with his priorities and goals. By identifying unnecessary expenses, Alex frees up $300 per month to tackle his debt and build an emergency fund.
But the transformation doesn’t stop there. As Alex engages with BrightDime’s live events and educational resources, he gains a better understanding of his HSA and starts contributing, taking advantage of tax-free savings. He also uses BrightDime’s goal-setting tool to plan for major milestones, redirecting part of his year-end bonus into his 401(k) to maximize his company’s match, strengthening his long-term financial security.
Alex’s BrightDime coach helps him break down his dream of homeownership into manageable steps, giving him the confidence to start saving for a down payment.
The Results: A More Confident, Engaged Employee
Thanks to BrightDime, Alex isn’t just managing his finances—he’s thriving. The impact?
His credit score improves.
He saves $15,000 for a home down payment.
His financial stress decreases significantly.
His work engagement skyrockets, leading to recognition from leadership.
He feels more connected and invested in his company.
Why Financial Wellness Matters for HR Leaders
When employees like Alex gain control of their finances, the entire organization benefits. A workforce with greater financial confidence is more engaged, productive, and loyal.
Partnering with BrightDime isn’t just an employee benefit—it’s a strategic investment in your company’s success. Give your employees the tools they need to build financial confidence, and watch workplace culture transform for the better.
We are proud to feature BrightDime on the Granite List.