Financial Health Skills Building Project
It seems obvious that there is a strong relationship between a person’s financial health and their employment. Employers may know that their employees’ financial stress is causing issues on the job (in the forms of absenteeism, presenteeism, lost productivity, theft, accidents, and ultimately physical and mental health issues), but have rarely had substantial support to address these issues.
Employees may have wanted to improve their financial health but may not have known which way to turn. So, the improvement of an individual’s financial health is frequently left out of the employment world and ultimately left to the individual to develop on their own outside of the workplace. As a result, everyone misses an excellent opportunity to improve this situation.
In September, the Financial Health Institute was awarded a grant* and is now in the process of kicking off the Financial Health Skills Building Project with the Colorado Rural Workforce Consortium, which sets the vision for provision of workforce development services throughout 51 counties.
This project is designed to help the customers and the staff of the workforce centers enhance their economic situation by improving their financial health and digital competency skills.
For the next two years, Financial Health Institute will offer training to workforce center staff so that they can improve their own skills and to help them better assist their customers. Financial health and digital competency training for workforce customers will be offered as a part of their options through Connecting Colorado, in virtual live and online e-learning formats.
Making financial health and basic digital skills available throughout the state is an exciting opportunity. We look forward to connecting with all of the rural workforce center sites as well as all of the other partners who support employment throughout the state.
*This project is being supported, in whole or in part, by federal award number SLFRF0126 awarded to the State of Colorado by the U.S. Department of the Treasury.