The Community Pharmacist Blog

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Financial Health of Staff Pharmacists

Posted by Joe Casselman on Tue, May 21, 2019 @ 11:47 AM


 

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A WaypointRx Company 


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I hope you are having a great week so far.  I was fortunate enough to attend the Mastering Pharmacy Ownership Workshop recently in Atlanta and hear some of the challenges faced by pharmacy owners each day. 

 

You may have seen some information about this workshop, but I wanted to share a few surprising things that we learned.  Through open conversation, we found that many pharmacy owners are beginning to share concerns about the financial health or well-being of their staff, and how productive they actually are as a result. 

 

Here is a quote and two survey questions cited from a recent whitepaper by PwC (click the image to download).

 

“Our research is showing that that financial stressors are not only negatively impacting employees but are costing the employers. Stressed employees are found to be less productive, take more time off to deal with financial matters, are more likely to leave the company for higher compensation, and are more likely to cite health issues caused by financial stress. These findings evidence a direct correlation between an employee’s financial well-being and a company’s bottom line.” -PwC

 

Which of the following have been impacted by your financial worries?

  • My health
  • My relationships at home
  • My productivity at work
  • Missing work occasionally
  • Passion for my profession
  • Other

What are your top financial concerns?

  • Not having enough emergency savings
  • Not being able to retire
  • Being laid off (or) losing benefits
  • Not being able to meet monthly expenses
  • Not keeping up with debts

Out of curiosity, how would you have answered these questions (either presently or in the past)?

 

If we can be of any assistance, or provide more information, please feel more than welcome to reach out to us at any point. We would love an opportunity to learn more about your journey in pharmacy and provide a few complimentary solutions available for staff pharmacists.  

 

Click the button below to schedule a call with one of our advisors, and thank you for serving your community through Independent pharmacy.


Contact Pharmacist Financial 

 


For more information, click the button below and set up an appointment with one of our advisors. 

Contact Joe Casselman

We also recommend you visit http://www.waypointus.com/pharmacist-financial-webinars and check out our free webinar on Establishing A Game Plan for additional tips and tricks for finding and following your financial goals.


At WaypointRx & Pharmacist Financial, we take pride in helping pharmacy owners & staff pharmacists reach financial goals, make educated decisions, & develop financial plans that work best for their unique needs. Over the years we have helped hundreds of pharmacists enjoy inspired independence by achieving greater personal and financial success. As we begin each relationship, we invest a lot of time and effort in the discovery and clarification of each pharmacist’s unique situation and, most importantly, their financial goals.

Send me info on the Pharmacist Financial Program!


Advisory services are offered through Waypoint Strategic Advisors, LLC, a Registered Investment Advisor in the state of South Carolina.

Insurance products and services are offered through [Insurance company name], an affiliated company. All matters discussed in this blog are for informational purposes only. Opinions expressed herein are solely those of Waypoint Strategic Advisors, LLC and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any State other than the State of South Carolina or where otherwise legally permitted. Waypoint Strategic Advisors, LLC is not affiliated with or endorsed by the Social Security Administration or any government agency, and are not engaged in the practice of law. Content should not be viewed as an offer to buy or sell any of the securities mentioned or as legal or tax advice. You should always consult an attorney or tax professional regarding your specific legal or tax situation.  

Topics: community pharmacist, financial plan, Blog, pharmacist financial, financial health, staff pharmacist