Why do working mothers seek greater financial control?

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Why do working mothers seek greater financial control?

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The absence of financial control has accumulated all the stress on the shoulders of working mothers, interfering with their productive routines. However, companies have the power to minimize this challenge with a series of measures, such as a financial well-being program.

THE figure of working mothers, in the corporate routine, it is nothing new for anyone. What may emerge as a recent element in this equation is the lack of financial control on their part.

Slowly, this problem evolves significantly, to the point of hindering their income and also the companies where they work.

It is worth noting that the issue of financial stress became one of the biggest concerns of the HR sectors in Brazil. It is a sign that financial obstacles are creating a series of challenges for the maintenance of productivity, motivation and engagement of professionals.

Do you want to understand how working mothers seek greater financial control and what actions can help your company to reduce their financial stress? Just continue reading this post!

How does financial stress impact working mothers?

O Financial Stress Report 2015 warned of a problematic situation: 55% of working mothers, aged 30 and 55 years and with annual income of up to $ 60k, struggled daily with finances.

THE lack of financial control it was attributed to the majority of cases where financial stress had taken over. A warning sign that pointed out the utmost care in dealing with professionals in this situation.

Do you know why? When the working mothers seek greater financial control, debts do not accumulate and do not come with them, a series of problems that are hardly left at home when leaving for work. Some examples:

  • absenteeism – or even presenteeism;
  • difficulty concentrating;
  • anxiety and depression;
  • irritability;
  • internal conflicts;
  • eating disorders.
  • drop in yield;
  • headache and migraine;
  • hypertension;
  • insomnia;
  • stomach problems;
  • accumulated errors in the execution of the work, leading to constant rework.

For companies that do not deal with this challenge in an appropriate way, the dismissal of working mothers when they are no longer protected by the law of the pregnant woman.

Especially, because the measure is hasty, when a good job of financial well-being can be applied.

Or, even, that performance evaluations help to identify, in the sudden drop in yield, the reasons for this. The company's hasty decision-making, harms everyone.

hasty decision-making by the company, harms everyone.

Why does the high turnover rate hurt the company?

We said that financial stress harms the “all” because the organization that fires without first planning effectively is a big problem within companies.

Just think for a moment: a high performance professional gradually stops producing with the same level of excellence. Thus, the company chooses to shutdown.

Except that working mothers who are indebted they are still good professionals and can perform as expected in the competition. A loss of talent for your venture, therefore.

In addition, replacement is equally harmful – on some occasions – because it yields costs, reduces productivity and demands an entire investment (in resources and time) until the full integration of the newly hired person.

How to recover working mothers with financial stress?

In Brazil alone, nine out of ten UK citizens suffer from the symptoms of stress – it is the second country in the world that suffers the most from disturb.

So when the working mothers seek greater financial control, the reasons for this high rate vary. However, we can highlight some of the main factors that lead to the accumulation of stress, such as:

  • debts that accumulate and do not offer prospects for improvement in the short or medium term;
  • demotivation or frustration caused by the unattainable pursuit of growth – personal or professional;
  • fear of losing a job;
  • lack of quality of life;
  • social setback – often caused by a lack of financial control or even unemployment.

If the working mothers seek greater financial control, is already an exhausting sign that your routines will be even more difficult. Especially, when debts are unbalanced, increasing stress.

However, companies have a significant role in the rehabilitation of not only working mothers, but all indebted employees.

As we have pointed out, major brands are aware of this and HR professionals are already looking for diversified solutions.

One of the most advantageous is the development of financial welfare programs. Through this measure, it is possible to diagnose professionals with financial problems – and that, consequently, is affecting their corporate routines.

Thus, measures can be adopted to add more financial control to people, minimize the effects of debt accumulation and return high performance to work.

Other benefits of this type of solution you can check below:

More productivity

The satisfaction of solving a frustrating episode quickly converts into employee productivity. After all, everything that was holding back the concentration of employees is being resolved, which motivates people to seek their place of prominence again in the organization.

Less absenteeism

Absences motivated by stress and the consequences of its effects on the employees' bodies and minds no longer happen.

On the contrary: again, the engagement of its professionals is worth mentioning, as the company helped working mothers and other employees at that delicate moment. It's time to give back.

Fewer internal conflicts

Like financial control there is also the balancing of personal life, as well as relationships in the work environment. Thus, the financial welfare programs help to reduce internal conflicts.

What measures can be applied to financial welfare programs?

Did you see how planned attitudes can add a more harmonious, productive and collaborative environment to the company?

It remains to be noted, however, the alternatives that major brands have proposed to give financial welfare programs more quality of life for employees.

Something that we will see next. Check, and identify which alternatives fit best within your company's needs and goals, working mothers seeking greater financial control:

  • workshops that discuss individual financial education;
  • lectures that give new perspectives on financial control;
  • professional guidance so that working mothers and all other employees diagnose financial goals and learn to follow their respective steps until reaching them;
  • on-demand payment method, allowing more flexibility for employees to receive their rents and, thus, not becoming hostage to interest on past due bills or emergency purchases;
  • assistance with medicines or daycare centers for working mothers;
  • flexible benefits package, adding more value to the company's culture and also conveniences for employees, who will choose the alternatives that best fit their needs.

He saw how it is possible to establish a new level from the resolution of conflicts that impact productivity, the well-being and quality of life for employees?

Now, you want to go beyond the tips mentioned here for when working mothers seek greater financial control?

So, take the opportunity to subscribe to our newsletter – just fill in your name and email address at the bottom of our blog – and with that, you will receive all our news directly in your inbox!

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