Money is the greatest source of stress for Canadians – even more than work, personal and relationship issues. When finances create stress in one’s personal life, it’s next to impossible to stop worrying about it while at work. This can lead to negative effects on workplace performance, which could be costing businesses thousands of dollars annually.
Credit Counselling Services of Atlantic Canada offers financial wellness presentations for workplaces across Atlantic Canada. Our 1-hour presentations can be conducted in-person or through virtual webinars. We provide helpful information about managing your personal finances and cover fundamental topics such as:
- Spending Habits
- Signs of Financial Distress
- Cost of Credit
- Debt Repayment Strategies
- Credit Reports
- Protecting yourself against Fraud/Scams
- Financial Goals & Savings
Whether you are organizing a wellness fair or simply looking to provide financial education for your employees, we can help. We have the ability to tailor presentations to suit the needs of your group should there be a specific challenge your group faces such as pending layoffs. Our presentations are designed to provide resourceful tips to help consumers improve their financial situation, make confident financial decisions, and achieve their financial goals.
Why offer financial literacy education in the workplace?
Providing staff with financial wellness tools, education and resources will lead to less financial stress and better outcomes for the employee and for the organization.
By creating a more empowered and engaged workforce, employees experience improved mental and physical health and lower absenteeism rates. Employees can retire when expected, providing your business with the opportunity to onboard new talent. Lower long-term healthcare costs and a more productive workplace leads to decreased business-related costs and increased profits.
Furthermore, supporting employees’ financial well-being can increase an organization’s employee value proposition, and positively impact its competitive advantage.
Facts about financial wellness in the workplace
- Almost half (40%) of working Canadians feel overwhelmed by their current debt load, which continues to increase yearly for many. (Financial Consumer Agency of Canada)
- Nearly half (46%) of all respondents said financial stress impacts their workplace performance. (Canadian Payroll Association)
- 84% of employees are interested in obtaining financial education programming in the workplace. (Canadian Payroll Association)
- A survey done by Willis Towers Watson found that, of those employees who indicated they had money problems, only 29 per cent of them were fully engaged at work (compared to 42 per cent without money concerns).
- Employees experiencing high financial stress are twice as likely to report poor overall health, and four times more likely to experience headaches, depression, and other ailments. This can result in increased healthcare benefits costs, including short-term disability and worker’s compensation claims. (Financial Consumer Agency of Canada)
- Almost half (48%) of Canadians admit that they have lost sleep due to financial stress. Production errors, administrative and financial mistakes, more workplace accidents and poor customer service can all be outcomes of fatigue in the workplace. (Financial Consumer Agency of Canada)
- Employees with financial worries are twice as likely to use sick time when not ill. (Center for Financial Services Innovation)
We can help your workplace with financial literacy
Credit Counselling Services of Atlantic Canada can help deliver customized financial wellness workshops and education programs to your workplace. Our certified credit counsellors can conduct in-person seminars or virtual webinars on one of many financial topics.