Marc Haine talks with Steve about why employers should fund financial literacy programs. About half of Canadian workers say money stress hurts their job performance. Companies that teach employees about money see better retention and engagement.
So Steve, today we're talking about this idea of financial literacy within a workforce. Being able to leverage kind of financial programs, financial literacy to help employers build engagement and retention programs within their workforce. Why do you think that this is such an important topic in today's world?
Yeah, I think it's important because it impacts your business in a few ways. It impacts your bottom line. You mentioned those stats in the opening sequence about lower productivity and more missed deadlines for people who are cash-strapped. And that's approximately half of Canadian workers these days are stressed about finances and report that it impacts their performance at work. So, you should care because it impacts your business. You can also care because You want to help your employees increase their financial literacy and decrease their stress and whatnot, but you can be doing it for your company as well.
