Don Stewart, former CEO of Sun Life Financial, speaks at the 2012 Financial Education in the Workplace Roundtable about why financial education in the workplace is important.
Donald: Financial literacy’s is an important topic for many reasons including the fact that where is getting a more complicated place, so it’s more difficult to make decisions, because there is more choice, there is more complexity and in some cases there is significant economic challenge out there. So to get it right for your financial economic situation is becoming increasingly challenging and it’s therefore important to know more about the basics, about your choices and why you should do certain things and stay away from other choices. Personally, I feel very strongly that workplace is an appropriate venue for financial training. It’s a place that many of us spend a great deal of time at. We have the resources of technology available at the workplace for many of us and the employer is in a position to provide education center around wanting the number of cases, a very comprehensive range of benefit and savings programs for employees.
To find out more about financial education in the workplace, read the recently published whitepaper,Financial Literacy for Employees: Understanding What Makes An Effective Financial Education Program.