Personal finance in the workplace

Educating employees has positive ROI for businesses: Expert
By Zachary Pedersen
|Canadian Payroll Reporter|Last Updated: 03/20/2013

More than 60 per cent of Canadian employees are dissatisfied with their personal financial situation, according to a survey by Toronto-based Employee Financial Education Division (EFED), an employee financial education counselling company.

Employees struggling with financial difficulties don’t perform at peak levels, according to Frank Wiginton, CEO of EFED.

“Personal finances for the past 25 years and probably for a lot longer… has been the number one stress in people’s lives,” he says. “It really does impact nearly every aspect of our lives because it’s something that every single one of us has to deal with every single day.”