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Pension column: Six tips for improving your pension communications

Benefits Canada Psst! Need to talk about pensions? Here’s how to get employees to listen. Companies try different mediums and methods to communicate pension information,  yet they often see meagre results. Here are six tips to make sure your communications hit the mark. 1) Put employees first – Stop talking about your concerns (pensions) and instead […]

Total Employee Wellness Includes Financial Wellness

Marketwired Traditional wellness programs are failing employees because they are not addressing a principle problem of personal finances. “61% of Canadian employees are financially stressed, yet most employee wellness programs don’t include financial wellness,” says Frank Wiginton, CEO of Employee Financial Well-Being. “Only 16% are considered obese, yet every wellness program focuses on diet and exercise. It’s […]

Breakdown: Hit the books

Benefits Canada With the growth of DC pension plans, Canada is moving toward a retirement system that requires people to have financial acumen. Employees need to understand the difference between capital accumulation plans (CAPs) and DB plans, as well as various investment concepts—yet for many Canadians, financial terminology is a foreign language. Simple math tasks […]

Employees Dissatisfied With Financial Situation

Pension and Benefit Monitor Magazine – More than 60 per cent of employees are dissatisfied with their personal financial situation, with one in four feeling financially distressed. And this, says the ‘Financial Education in the Workplace Survey’ from the Employee Financial Education Division(EFED), leads to reduced productivity as these employees are spending an hour each […]

Why personal finances are professional business

HRM Online – It’s a tough time financially for many businesses and individuals, with both trying to do more with less. But could helping one improve the other? Survey results from the Employee Financial Education Division (EFED) found that more than 60% of employees were dissatisfied with their personal financial situation. The Financial Education in […]

Employees want financial education

Benefits Canada – When employees undergo stress, it impacts how they perform in the workplace. A new survey from the Employee Financial Education Division (EFED)—a provider of flexible personal finance courses for employees—has found that 60% of employees experience stress about their current financial situation. “Employers need to be concerned with the financial wellness of […]

Employees stressed about finances

Small Business Advisor – When employees undergo stress, it impacts how they perform in the workplace. A new survey from the Employee Financial Education Division (EFED)—a provider of flexible personal finance courses for employees—has found that 60% of employees experience stress about their current financial situation. “Employers need to be concerned with the financial wellness […]

[Press Release] – More than 60% of employees are dissatisfied with their personal financial situation – leading to decreased productivity

Toronto (January 23, 2013) – Survey results from the Employee Financial Education Division (EFED) show that more than 60% of employees are dissatisfied with their personal financial situation. The Financial Education in the Workplace Survey also shows that one in four employees feel financially distressed. This leads to reduced productivity as these employees are spending […]