Potato Grower

March 2021

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Page 21 of 55

Imagine this: the productivity of one of your valued employees at the farm begins to plummet. He is clearly distracted, and this goes on for months. Then, you start noticing similar issues with his co-workers. As the head of the company, you know this situation is unworkable. You want to help, both for the long-term health of your company, and because you care about your employees. So you start digging, trying to diagnose the problem. For many business leaders, the root cause is a stunner. "It's stress about their financial lives," says financial advisor John Zitzmann of the Zitzmann Group at Morgan Stanley in Providence, R.I. "It's surprisingly common — and a serious drain on productivity." FINANCIAL STRESS A MAJOR CONCERN The data agree. One survey found that 85 percent of Americans feel anxious about their financial lives. Seventy-eight percent of employees with high financial stress say it impacts them at work. And that drain on productivity? Every month, employees squander 13 working hours worrying about money. Not surprisingly, concern about money affects lower-wage earners, with one of the highest stress levels (68 percent) reported among those earning less than $60,000 annually. Still, more than half of high-income earners (above $100,000) 22 POTATO GROWER | MARCH 2021

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