To: MoneyPenny who wrote (38477 ) 10/5/2005 10:48:44 AM From: mishedlo Respond to of 116555 Report: Money woes make way to office Workers' increasing financial concerns may be impacting their productivity, newspaper report says.money.cnn.com NEW YORK (CNN/Money) - Money worries could be hitting worker productivity, according to a published report. USA Today cites a study by Virginia Tech professor emeritus E. Thomas Garman, which says employees' financial worries can result in time being spent during the work day dealing with or worrying about money issues. Financial worries can also be responsible for health problems, which lead to greater absenteeism. Increased employee turnover can also occur, according to the report. The newspaper reports that the study found that one American in four is "seriously distressed" about their personal financial situation, and that 80 percent of financially stressed workers spend time at their jobs dealing with or worrying about money issues. While lower-income workers experience higher levels of stress, financial stress reaches across all income levels, according to the report. Hits to productivity include employees dodging or receiving calls from bill collectors at work, the use of fax machines for personal business and an increased number of personal telephone calls, the newspaper reported. Health problems associated with being financially stressed include high blood pressure, weight gain, insomnia and substance abuse. The newspaper reports that some employers are recognizing the problem and offering programs to assist employees with their finances, including seminars, brown-bag lunches on such topics as debt management and handing out financial-planning materials. But many firms do very little, Garman told the newspaper.