The Impact of Debt on your Staff

The impact of debt on employees can be quite severe. Some of the following symptoms will be evident:

• You will receive requests for loans and advances against wages/salary, as well as for Pension and Provident Fund loans.


• Your staff members will have garnishee orders enforced upon them or will be going under administration or be blacklisted.


• They will start avoiding calls and ignoring the post.


• Increased stress levels will result in poor productivity, and absenteeism will be on the rise due to anxiety, court appearances or legal issues.


• Creditors will start calling at the work premises.


• Debt can also result in marital strife due to the stress involved.


• Ultimately the person struggling with debt will be embarrassed and their morale will be low.