External help for employees with money problems
Consider the situation where a debt-collection agency come to your office to collect what your emplo...
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06/09/2018

External help for employees with money problems

Employer's guide

 

"It's my employee's own business if s/he experiences money problems. Why should I help?"

Some employers may share the thought above. However, consider the situation where a debt-collection agency come to your office to collect what your employee owes. It affects the emotion, stress level and productivity of all your employees. You may not be in the position to provide professional advice on how to deal with his/her money problems. But, information sharing can help direct your employee to appropriate assistance and solutions. Since bad debt problems can be caused by over consumption, gambling, change in life stages, unexpected life events, etc., you may share the information below where appropriate to your employees.

Advice regarding debt management problems

Advice regarding possible scams

Quit gambling service

Specific assistance for low-income employees

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