Traditionally, many management practices leave employees in the dark about any business information which does not directly relate to their role and job responsibilities. But where these practices falls short is in the realization that having the whole business picture in mind actually helps employees perform more effectively in their roles and job functions.
The Workforce offers a unique approach to business activities where everyone contributes in the discussion of financial information. It is intended to empower employees to become educated on finances. Hence, this business and financial literacy training.
Being a financially literate employee means having a general knowledge of the fiscal and economic landscape of business, how one’s work (and the work of others) directly impacts the bottom line, for better or worse including an understanding of standard business terms like profit, balance sheet, and cost of goods sold, as well as understanding what drives these numbers and the implications they may have for business operations.