IS Chapter Webcast - Financial Literacy - February 13

Chapter Event

Webcast: The Compelling Need for Financial Literacy Workshops in the Workplace
February 13, 2025
12:00 pm EST

Financial stress is the leading form of stress for employees in Canada and USA. Despite being unpleasant, stress is not an illness, but there are connections between stress and mental health conditions including depression, anxiety, psychosis, PTSD, and physical symptoms such as hypertension, fatigue and fibromyalgia. The Journal of Occupational and Environmental Medicine reports that health-care expenditures are nearly 50% greater for workers who report high levels of stress.

Financial education is the answer to reducing financial stress which should lead to reduced benefit expenses, reduced incidences of presentism, absenteeism, and reduced accidents on the job as stress-related distraction accounts for an estimated 80% of workplace accidents.

Providing financial information is nice, delivering financial presentations is a must, having financial workshops is a differentiator in your employees lives that will enhance your company’s and your employee's bottom line.

Takeaways:

• Differentiating your employee benefit plan with a financial literacy program to attract and retain top talent.
• Financial literacy to reduce benefit expenses for plan sponsors and plan members.
•  How to implement an ongoing financial literacy program.