Date of Conferral
4-10-2024
Date of Award
April 2024
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
William Stokes
Abstract
Employee financial stress has a negative impact on employees’ mental health, productivity, benefit plan costs, and organizational profits. Employers are increasingly concerned with developing strategies to reduce the business costs resulting from employee financial stress. Based on self-determination theory, the purpose of this qualitative pragmatic inquiry study was to explore strategies to reduce business costs associated with employee financial stress. The participants were five human resources/benefit managers who developed strategies to reduce the business costs associated with employee financial stress. Data were collected using semistructured interviews and a review of organizational information collected through public sources. Through thematic analysis, three themes were identified: employee financial wellbeing, diversified delivery, and external collaboration. A key recommendation is for human resource/benefit managers to develop strategies based on a blended learning approach specific to their respective organizations. The implications for positive social change include the potential to empower employees to make informed decisions about their finances, providing economic benefits that extend beyond the workplace to the local community.
Recommended Citation
Ward, Gordon, "Strategies to Reduce Business Costs Associated with Employee Financial Stress" (2024). Walden Dissertations and Doctoral Studies. 15643.
https://scholarworks.waldenu.edu/dissertations/15643
