Competence equals confidence: Making the case for offering financial literacy in the workplace

This episode emphasizes the critical role of financial literacy in employee wellness and its direct impact on workplace productivity. It defines financial literacy as the knowledge and confidence to make responsible financial decisions, highlighting that a significant portion of Canadians need help with debt and are hesitant to seek professional assistance. The source argues that employers should invest in financial education because employee financial stress leads to decreased productivity, engagement, and increased costs for businesses. Finally, it recommends that companies integrate comprehensive financial literacy programs into their benefits plans, offering diverse resources and ensuring a confidential and supportive environment.