British Columbia Chapter Webinar

April 4, 2024 8:30 AM-9:30 AM

Chapter Event Event Categories Events ISCEBS

Webinar: The Compelling Need for Financial Literacy Workshops in the Workplace
April 4, 2024
8:30 - 9:30 am PST

The British Columbia Chapter of the International Society of Certified Employee Benefit Specialists presents a webinar education session. All are invited to attend.

George Morin, CEBS of RBC will discuss financial literacy enhancements for employees.

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 based on ages, demographics, and life stages 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 bottom line.

Takeaways/Learning Outcomes

  1. How to differentiate your employee benefit plan with a financial literacy program to attract and retain top talent and increase employee engagement across the different employee demographics, generations, and financial life stages.
  2. Why employee financial literacy is a key to reducing medical, dental and EAP expenses for plan sponsors and plan members and how member demographics necessitate a diversified financial education program.
  3. What is involved in setting up and delivering an ongoing financial literacy program for your employees and measuring the ROI for this essential employee benefit.