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Articles by Shatrina Cosby
How Financial Wellness Improves Manufacturing Safety
To minimize workplace injuries, manufacturers often focus on enforcing procedures and ongoing training, such as ensuring each employee knows how to safely operate machinery and handle hazardous chemicals. But safety also requires mental clarity, and many manufacturing employees are struggling to stay focused—an issue that will only grow as manufacturing employees are tasked with completing additional work in their roles.
Financial Stress Is Showing Up at Work: How HR Can Respond
Financial stress knows no income boundaries. Bank of America research shows that even among families earning more than $150,000 a year, one in five still lives paycheck-to-paycheck. And because nearly one in four Americans has no emergency savings at all, according to Bankrate, a single car repair or urgent care visit can lead to a debt spiral. It’s no surprise these stressors are leaking into the workplace, and HR leaders are feeling the effects.
Key Benefits to Reduce Your Employees’ Financial Stressors and Improve Manufacturing Safety
From embracing new technologies to enhancing workplace training, the manufacturing industry has made strides to enhance operational efficiency and productivity, all while reducing costs and waste. In June 2024, construction spending to build or expand manufacturing facilities hit an all-time high of $238 billion—a clear signal of confidence in the sector.
Proactively Address Workforce Red Flags of Financial Stress
America’s workers are facing a challenging financial landscape. While inflation has slowed down, grocery prices remain high, and mortgage rates continue to make homebuying unaffordable. While a recent WalletHub survey showed that 66 percent of employees believe their finances will improve in the new year, 56 percent are still concerned about the lingering effect on inflation. Employees can’t forget about financial concerns when they are in the office.
Shatrina Cosby
1 POSTS Shatrina Cosby, VP of Account Management & Development at Purchasing Power
Lack Of Savings Usher In HR Opportunities For The New Year
One in five employees admits financial worries impact their workplace productivity—HR leaders must prioritize financial wellness in 2025. Lighthouse benefits like paid time off and employee purchase programs can empower employees during critical life events, reducing stress. Comprehensive financial wellness plans help employees tackle immediate financial stress while fostering long-term wealth-building habits. As leaders kick off the new year, many consumers are bringing some baggage with them.
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