New research showed when employers struggle with personal money problems, they do not always leave their stress at home, and can instead take it out on their employees.
Trevor Spoelma, associate professor of management at the University of New Mexico, said in general, people experiencing financial stress are less satisfied with their jobs and less productive. But when the boss also is under financial strain, it can affect everyone they supervise.
“For instance, when leaders are experiencing financial stress, that spills over to affect how they treat their subordinates, how effective their teams are,” Spoelma explained. “We’re finding that the costs are a lot more widespread than we might have initially thought.”…