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Financial education – Are you meeting your governance obligations?
/0 Comments/in Employers /by T.E. WealthDid you know that if your employees lack the basic financial literacy skills and knowledge needed to help them make informed financial decisions, you could be held responsible for their poor choices? If an employee claims that your organization should have known s/he wouldn’t be able to understand something, or that it wasn’t clear that s/he was expected to put the information or tool you provided into use, there could be grounds for taking legal action for hardship incurred due to poor financial planning.
This, combined with the fact that Canadians generally have low levels of financial literacy, means that organizations have to be more prepared and more watchful than ever.
Creating a highly successful employee education program that meets your obligations as an employer can easily be accomplished by taking the actions below:
About T.E. Wealth: T.E. Wealth offers a proactive approach to meeting corporate governance obligations by supporting your internal programs and safeguarding your company, board members and management teams. Our seasoned consultants first work to understand your business and culture, and then develop a financial education program to set you apart. T.E. Wealth has been helping executives and employees at many of Canada’s finest organizations manage their finances effectively for more than 40 years.
Click here to find out more about T.E. Wealth’s products and services including ProsperiGuide, a one-stop, personal finance tool designed to bolster financial well-being.