What is financial wellness and what does it have to do with work? Is it really the business of employers to try and raise the financial I.Q. of their employees? What does an employer financial wellness program look like? What’s in it for employers? Jordan Goodman, host of The Money Answers Show, talks with John Hoffmire, thought leader and Board member of PFEEF, about why it’s so critical to offer financial wellness programs in the workplace, adapting to meet differing employee needs, and open book management. Hoffmire and Goodman also discuss how Corona virus is affecting the workplace, the switch to working from home, and what the near future may look like as a result.
Bio: John Hoffmire’s achievements in both the academic and business worlds are extensive. John is regarded as one of the leading experts in his area of work. His pioneering approach as a practitioner and researcher in the Employee Stock Ownership Plan field has been award-winning. John is chairman of Cadence Innova, a change management consulting firm based in London. Before joining Saïd Business School at University of Oxford and becoming the Director of the Center on Business and Poverty at the University of Wisconsin-Madison, John had a twenty-year career in equity investing, venture capital, consulting and investment banking. As founder and CEO of his own investment-banking firm, he helped employees buy and manage approximately $2.2 billion worth of ESOP stock. John is currently teaching in both leadership and finance at University of Oxford.