What is one benefit of employee education in financial counseling?

Employee education in financial counseling can lead to increased productivity. When employees receive training in financial management, they gain valuable skills that can help them make better financial decisions both in their personal and professional lives. This knowledge can reduce financial stress, which often interferes with work performance. Additionally, employees who are informed about financial matters tend to be more engaged and focused, resulting in improved overall productivity within the organization. By empowering employees with financial knowledge, organizations can foster a workforce that is more efficient, motivated, and resilient.

In contrast, higher employee turnover and reduced enrollment in benefits reflect negative outcomes that generally wouldn’t be associated with effective financial counseling education. Increased personal loan requests could indicate financial distress rather than improvement, which undercuts the intended benefits of financial education initiatives.