Question

How could taking time to develop plans and having financial well-being help you be more productive?.

Answer 1

Businesses can incorporate financial wellness into their employee benefits programs for a variety of reasons, including improved productivity, higher employee retention, and better job satisfaction. Even for businesses, lowering financial stress can aid in lowering healthcare expenses.

What is finance?

• The discipline of finance is the study of money, money systems, and capital assets.
• It is associated with economics, which is the study of the production, distribution, and consumption of money, assets, goods, and services, but it is not the same thing.
• Financial systems support a variety of financial activities, therefore the field of finance can be loosely classified into three categories: personal, corporate, and public.  
• In a financial system, assets such as money, loans, bonds, shares, stocks, options, futures, etc. are purchased, sold, or traded as financial instruments.

What is Productivity?

• Productivity is a measure of how effectively commodities or services are produced.
• Productivity is sometimes represented as a ratio of the whole output to a single input or the total input used in a production process, or output per unit of input, usually over a predetermined time period.
• The most prevalent illustration is the (aggregate) labour productivity indicator, with GDP per worker as one example.

Learn more about Productivity here:

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