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  • Employee Financial Well-Being appoints new president | Employee Financial Well-BeingEmployee Financial Well-Being
    our team as president to help lead the wave of change in employee wellness says Employee Financial Well Being CEO Frank Wiginton Cartwright has a wide ranging experience in the group retirement industry and facilitation of personal finances He previously worked for the Financial Education Institute of Canada and Standard Life Assurance Company of Canada For more industry moves and appointment notices check out People Watch Tags employee financial well being Pension column Six tips for improving your pension communications No comments yet Leave a Reply Click here to cancel reply Name Required Email Required Website Comment Follow Us Testimonials Great Well presented approachable everyone should know this material Lily Excellent seminar Brooklyn Very informative and helpful Owen Lengthy but good workshop should be three hours instead of two hours Caleb Excellent presentation clear view on developing a budget Lump sum payouts investments and tax issues Gabriel A ton of FANTASTIC and relevant info Well done Madison Very good session Hannah Just wanted to let you know how much I enjoyed Monday s Lunch N Learn A very good speaker and a very relevant topic Isabella Frank exuded great confidence and expressed and easy going attitude Abigail I am very

    Original URL path: http://www.employeefinancialeducation.ca/employee-financial-well-appoints-new-president/ (2016-04-27)
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  • Pension column: Six tips for improving your pension communications | Employee Financial Well-BeingEmployee Financial Well-Being
    you can show how people can pay off debt faster with the same amount of money and save more for retirement through payroll deductions Employees will come because they want to learn how to make their money go further and you get to talk about retirement and pensions 4 Let someone else do the talking Many of your employees may feel they ve already heard what you have to say and no matter what you say they won t pay attention So bring in an independent unbiased third party that doesn t sell products in order to help re engage those employees who have given up This can increase participants confidence in the message about the viability and value of the company pension plan and also help reduce the company s exposure to liability 5 Tell stories Studies have shown that a surprising number of Canadians have low numeracy and document literacy skills meaning that they can deal only with simple clear material involving uncomplicated tasks and they struggle to understand and use information in forms charts graphs and other tables So rather than focusing on numbers and charts tell real life stories Retired employees are a great source for first hand accounts of participating in the pension plan and transitioning to retirement Share their experience through stories by recording audio interviews and podcasting them or by recording video interviews and sharing them through an e newsletter 6 Explain total compensation Employees rarely understand how much their company spends on their total compensation Companies need to show the entire compensation amount explain what portion of that is a pension contribution and then help employees to enrol in the pension plan For example if the employee s salary is 50 000 and you offer a 6 pension match explain that the

    Original URL path: http://www.employeefinancialeducation.ca/pension-column-six-tips-improving-pension-communications/ (2016-04-27)
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  • Manage your finances like you’d eat an elephant | Employee Financial Well-BeingEmployee Financial Well-Being
    everybody credit society finite is a grey term That s a problem When we look at the impact debt has on people s physical psychological and social attitudes and behaviours it s huge The impact is just crushing People are burying a huge amount of stress which is causing them to sleep less It causes depression and anxiety to the point that people are becoming medicated to deal with these issues It s destroying relationships and families The book is broken down into 12 chapters one for each month Do you think some readers might get stuck on the debt chapter and not carry on to finish the remaining ones Well you can only do so much for people with a book But the point is it s not just about sorting out the numbers It s about changing how you think about money It keeps coming back to that fundamental message You need to know where you re spending your money and what you re spending it on A lot of people haven t tracked that yet so they walk through the world in this kind of denial zombie state about their finances hoping that one day it will all work out You say yourself that things can change in a year You can lose your job get divorced or get sick So realistically how should we handle these financial setbacks It s about the planning Put some extra money away each month even if it s just a small amount When people lose their jobs that s often the time when they get their financial affairs in order but unfortunately that s too late Your day job is as founder of Employee Financial Well Being Is it really the job of an employer to teach employees how to handle their salary The reality is your employees are your biggest asset and your greatest liability It s not like financial stress gets left at the door when they walk into the office John can be having a really bad day He just had a fight with his spouse because they re struggling with their finances He comes into work and snaps at his colleague Mary and now she s put off Workplace wellness programs usually don t include financial education but perhaps they should Right If you re using fitness to de stress employees that s great But when then they walk through the door at home and they see that pile of bills all that stress instantly comes back After years of doing financial planning I know that education can have a profound effect on people s lives in a positive way I firmly believe that people can have a better quality of life if they can just take back control of their finances Back to the book You say after completing the tasks outlined in each month s chapters you re supposed to reward yourself What s an appropriate reward That demonized 7 latte It s about

    Original URL path: http://www.employeefinancialeducation.ca/manage-finances-like-youd-eat-elephant/ (2016-04-27)
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  • Total Employee Wellness Includes Financial Wellness | Employee Financial Well-BeingEmployee Financial Well-Being
    and personal finances are the 1 cause of employee stress People with high debt stress are six times more likely to suffer from depression and seven times more likely to suffer from high anxiety says Nicole Cairns Health and Wellness Director at Thorpe Benefits Financial stress leads to an increase in smoking alcohol and substance abuse as well as an increase in irritability and anger All of these conditions have a negative impact on employees interactions with friends family and co workers Cairns adds Employee financial well being is the missing piece to a comprehensive wellness program We believe in helping people take back control of their finances states Wiginton We are founded on the values of doing what s right for the participants and choose not to sell or promote any products Created in 2011 Employee Financial Well Being provides Canadian companies with independent unbiased financial education for their employees and executives Their facilitators are experienced educators and accredited financial planners See Money Differently is a free 30 minute workshop in English and French for companies to download and deliver to their people When given an opportunity to learn how to better manage their money 9 out of 10 employees say they re ready Learn more here http employeefinancialwellbeing ca Employee Financial Well Being and Thorpe Benefits are hosting a free webinar on Tuesday May 27 th on total wellness Learn more here http info employeefinancialeducation ca free webinar total wellness To view the image associated with this release please visit the following link http www marketwire com library 20140422 941061 bg jpg Tags employee wellness programs Breakdown Hit the books Manage your finances like you d eat an elephant No comments yet Leave a Reply Click here to cancel reply Name Required Email Required Website Comment Follow Us

    Original URL path: http://www.employeefinancialeducation.ca/total-employee-wellness-includes-financial-wellness/ (2016-04-27)
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  • Breakdown: Hit the books | Employee Financial Well-BeingEmployee Financial Well-Being
    stressed about trying to maintain a budget One major reason why so many people worry about money is that they lack a solid financial plan says Lori Casselman assistant vice president health and wellness with Sun Life Financial Becoming very reactionary and managing from paycheque to paycheque can be a great source of financial stress And that anxiety carries over into the workplace Financial stress significantly impacts an individual s productivity and overall health adds Frank Wiginton CEO of the Employee Financial Education Division of A Better Quality of Life Financial Consulting This ends up costing a company November is Financial Literacy Month but employers should give this subject year round attention According to 2011 data from ABC Life Literacy Canada 72 lack full confidence that their math and money management skills will help them to achieve a stable financial future 38 don t put away any money on a monthly basis for long term savings 38 say their household doesn t follow a budget 36 save 200 or less per month According to this year s CAP Member Survey 46 of CAP members less than half feel financially prepared for retirement Only 37 have an excellent or very good understanding of their retirement plans 24 owe between 10 000 and 39 999 in personal debt excluding mortgages Just 16 of non participants have a formal personal or household budget Three steps to providing employee financial education Total Employee Wellness Includes Financial Wellness No comments yet Leave a Reply Click here to cancel reply Name Required Email Required Website Comment Follow Us Testimonials Just wanted to let you know how much I enjoyed Monday s Lunch N Learn A very good speaker and a very relevant topic Isabella This is the BEST workshop I have attended I would recommend this

    Original URL path: http://www.employeefinancialeducation.ca/breakdown-hit-books/ (2016-04-27)
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  • Three steps to providing employee financial education | Employee Financial Well-BeingEmployee Financial Well-Being
    have ranked personal finances as the top stressors among individuals This high to overwhelming stress causes a myriad of health problems from headaches to heart attacks In some instances personal finances have been linked to depression substance abuse and addiction Action steps Here are three steps employers should take to ensure the implementation of an employee financial education program is successful 1 Obtain senior level support Once you have the support for the program it gives everyone HR managers employees permission to set aside their work and engage in the program To get the support make the case of how it can improve the company s bottom line Highlight how it can improve the other areas of the business like absenteeism productivity and engagement Lastly add a personal component to it by linking it back to their family and children in how much better all our families would be with great financial literacy 2 Identify the wants and needs of the employees Before being able to launch a program you need to evaluate the wants but more critically the needs of the employees This should be done in two stages First do a survey to gain insight and understanding of the overall concerns Follow this up with a few group and or individual interviews With this data you can then start to build a relevant and desired financial education program Many employees may be reluctant and skeptical of the company wanting to help them with their personal finances Trust and confidentiality will be critical attributes of a financial education program To achieve these work with an independent third party to provide the security employees need to feel confident to engage and participate 3 Outline what program success looks like To protect your investment in the program from arbitrarily or intentionally

    Original URL path: http://www.employeefinancialeducation.ca/providing-employee-financial-education/ (2016-04-27)
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  • Employees Dissatisfied With Financial Situation | Employee Financial Well-BeingEmployee Financial Well-Being
    their employees as it directly impacts the productivity and profitability of the company said Frank Wiginton CEO of EFED speaking at the Human Resources Professionals Association Conference in Toronto With 87 per cent of employees wanting financial education not just information it shows this proves to be an important and effective benefit for employees By including financial topics beyond pensions and retirement employees will be able to have greater understanding and context around their finances he said Read article here Why personal finances are professional business Three steps to providing employee financial education No comments yet Leave a Reply Click here to cancel reply Name Required Email Required Website Comment Follow Us Testimonials Very informative Thank you Mia This was a very informative session I learned a lot and this is a lot to think about Brayden A very useful informative and educative vehicle for personal financial planning and management Sophie Just wanted to let you know how much I enjoyed Monday s Lunch N Learn A very good speaker and a very relevant topic Isabella Lots of useful information Looking forward to the one on one sessions Alexander I am very pleased with this workshop Very valuable and informative

    Original URL path: http://www.employeefinancialeducation.ca/employees-dissatisfied-with-financial-situation/ (2016-04-27)
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  • Why personal finances are professional business | Employee Financial Well-BeingEmployee Financial Well-Being
    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 the Workplace Survey also showed that one in four employees felt Read Article Employees want financial education Employees Dissatisfied With Financial Situation No comments yet Leave a Reply Click here to cancel reply Name Required Email Required Website Comment Follow Us Testimonials Workshop contains extremely valuable information Zoe Very good presentation with lots of great information Frank was personable and knowledgeable Tristan Excellent seminar Brooklyn I am very pleased with this workshop Very valuable and informative Ava A very useful informative and educative vehicle for personal financial planning and management Sophie Very informative Thank you Mia Frank did an excellent job Lots of suggestions and very willing to answer questions Connor Excellent workshop very helpful to me Frank was excellent very helpful and knowledgeable I learned a lot Tyler Down to earth and realistic Ella This is the BEST workshop I have attended I would recommend this one as the first one to attend before the other workshops I really enjoyed it Thanks

    Original URL path: http://www.employeefinancialeducation.ca/why-personal-finances-are-professional-business/ (2016-04-27)
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