Learning financial literacy in the workplace
The Financial Literacy and Retirement Commission say employers should be concerned with their employees' financial health - since staff who are worried about money tend to be more stressed and less productive. The Comission has rolled out a pilot programme, in which employees who choose to participate, take part in a 10-week financial literacy course - covering topics such as Kiwisaver, home ownership, wills, and the household budget, the course is held after work hours, but paid for by the employer. The course has been run at The Warehouse's distribution centre in Wiri, and now at its Wainuiomata store. Liz Koh, director of the financial planning company Moneymax and the course's teacher, explains the programme, and Kathryn is also joined by two participants: Daniel McFelin, the store's duty manager, and Susan Delaney, a team member.