Poverty takes place behind closed doors

29
Nov 2022
41
A woman is sitting at a desk drinking coffee and using a laptop computer.

Author: Momentum

You never know if your employees are making the decisions between paying for groceries or paying their rent or paying down their debt. They might be caring for an elderly parent, or their partner might not be working. All these scenarios are details that employees will not divulge to their employers but can cause financial stress in their lives.

Money and mental health are intimately linked and exist in a cycle. Financial strain can lead to mental health challenges, and this can impact our ability to manage our money effectively. [1] Research by the Money and Mental Health Policy Institute has found that the number of individuals suffering from depression and anxiety has increased and continues to increase and are still higher than pre-pandemic levels. Money trouble plays a role in these numbers. [2]

According to the Canadian Payroll Association, financial stress has also been widespread among working Canadians for more than a decade and financial stress is not synonymous with low household income. People who are mid to high income can also experience financial stress and this kind of stress is not concentrated in a particular age bracket or geographic location. [3]

Having access to the tools to help manage finances can be a big relief. There are free, unbiased money management courses available to anyone who wants to learn to budget, or manage their debt, offered by Calgary based non-profit, Momentum.

The five courses on budgeting, assets, credit, banking and consumerism are available on demand, online. Everyone can learn at their own pace and in their own time. Gaining valuable financial empowerment knowledge will increase financial stability which can lead to overall stability, leaving more time and energy for work and life activities.

Learning financial management was life changing for Des, a Momentum participant.

Before understanding how to manage her money, Des experienced homelessness and was struggling with a learning disability. Des had been receiving financial assistance to pay her bills and afford rent, but after seven years, and having aged out of a local housing program, she knew that things needed to change.

“It affects your mental health and I felt really sad and depressed about it for a really long time,” says Des. “I’m by myself. I gotta figure this out because this is not fun.”

Learning to budget and manage her credit gave her the tools to take control of her finances. She also found confidence and resilience through her personal achievements. Over the course of a year, she paid down her debt, totaling $3800. She put some money towards savings and is no longer living paycheck to paycheck. She feels hopeful because she can pay for the things she wants. Not only can she now buy everyday items that she previously couldn’t afford, but equipped with the financial skills she gained, she views her life completely differently.

Access to financial tools can be life changing and help to build someone’s resilience in the face of a changing financial picture every day.

Momentum is a Calgary-based charity dedicated to community economic development. Momentum offers a range of programs that help people living with systemic barriers to start a business, manage and save their money, and get a good job.



About the Author

Access to financial tools can be life changing and help to build someone’s resilience in the face of a changing financial picture every day.

Momentum is a Calgary-based charity dedicated to community economic development. Momentum offers a range of programs that help people living with systemic barriers to start a business, manage and save their money, and get a good job.  https://momentum.org/



The views and opinions expressed in this blog post belong solely to the original author(s) and do not necessarily represent the views and opinions of CPHR Alberta.


The views and opinions expressed in this blog post belong solely to the original author(s) and do not necessarily represent the views and opinions of CPHR Alberta.



By Marina Perkovic July 15, 2025
Over the past month, I spoke with three professionals who had recently been laid off. April , a former schoolmate, has over 20 years of experience and has held management roles at several organizations. Most recently, she led a team at a large oil and gas company, where she was instrumental in building out a new service area. Despite her accomplishments, a combination of economic challenges and a lack of connection with her new boss led to her dismissal. Having been involved in layoffs before, she understood the process, but when she called me, she admitted it was much harder to be on the receiving end. She felt overwhelmed by a mix of emotions: denial, anger, betrayal, and a deep sense of failure. Carol , once a mentee of mine, built a strong foundation in the finance sector, and her persistence earned her a team lead role at a competitive mid-sized firm. Therefore, her call caught me off guard; she was trying to make sense of being included in a round of layoffs that affected 12 others. Having just been promoted, she struggled to understand why she had been chosen. She reached out for support as she navigated both the practical and emotional aftermath. Joe had been a student in one of my classes. With a master’s degree and excellent communication skills, he established a respected career in the regional non-profit sector. We maintained contact and often crossed paths through work. Joe was frequently involved in launching new initiatives and was recognized by both his boss and the board for his contributions. However, when the sector faced financial strain, he and his manager were among the 15% let go. He contacted me a month after the layoff; he had taken time to process everything and was now reflecting on what direction to take next. These stories are not uncommon. In fact, with ongoing economic uncertainty, many professionals, regardless of their experience or performance, are facing unexpected career changes. While layoffs are always challenging, the way they are handled can significantly impact both the individuals affected and the organization. This highlights a critical challenge for organizations: how can companies manage necessary workforce changes with both strategic foresight and genuine care? In addition to engaging the Human Resources department early in the planning and execution process, many businesses are increasingly recognizing the value of utilizing third-party outplacement services. Outplacement services are employer-sponsored programs designed to support both the business and departing employees during layoffs or organizational restructuring. Typically included as part of a severance package, these services offer more than just logistical support; they help individuals navigate a difficult transition with confidence. Outplacement services can be customized based on the needs and budget of the employer. Offerings often include planning for workforce reductions in collaboration with the business, delivering termination messages, and providing one-on-one career transition coaching and emotional support to affected staff. More importantly, these services help affected employees regain focus by offering practical job search guidance, resume coaching, and career direction tailored to their experience and industry. For employers, outplacement services can deliver a clear return on investment. Companies that provide structured transition support often experience fewer legal disputes and benefit from a stronger employer brand, which can positively influence talent attraction and retention. Showing care during a difficult time speaks volumes to internal teams, affected employees, clients, and the broader market. Having worked closely with businesses and professionals throughout this process, I’ve witnessed the significant difference that experienced, neutral third-party support can make. In fact, a 2023 CBIZ report, referencing Bureau of Labor Statistics data, noted that individuals who received outplacement assistance secured new roles 40% faster than those who did not receive support (CBIZ, 2023). Just imagine if April had access to a coach experienced in private sector transitions, or if Carol had received immediate help with processing her layoff and planning her next steps; the positive impact would have been immediate. In today’s environment, outplacement isn’t merely a nice option; it is a strategic necessity. How will your organization ensure a respectful and supportive transition for its workforce? When selecting an outplacement partner, consider factors such as industry experience, the ability to customize services, the quality of career coaches, and the integration of digital tools for job seekers. Not all providers offer the same level of support or results, so thorough vetting is essential. 
By Marina Perkovic July 10, 2025
The countdown to the CPHR Alberta 2025 Conference has officially begun!
By Marina Perkovic July 9, 2025
As the governing voice of CPHR Alberta, the Board of Directors meet quarterly to provide oversight and guidance in several key areas. The Board, alongside CPHR Alberta operations, continues to deliver on the association's strategic priorities developed in the 2020 strategic plan. To ensure transparency between our Board of Directors, members and key stakeholders, we share post-meeting messages to inform the steps taken towards advancing our profession and ensuring a financially stable association. The Board of Directors met on June 24, 2025, and the Board’s key messages are as follows: Financial Update CPHR Alberta remains in a stable financial position with a forecasted break-even year-end as per the approved Budget. The Board reappointed Cascade Chartered Professional Accountants LLP as auditor for 2025–2027. Strategic Planning The Board held a focused one-day Strategic Refocus Workshop to explore how CPHR Alberta delivers value to its members. This work will guide the development of an updated three-year strategic plan, aligned with the evolving needs of the profession. Self-Regulation The Professional Governance Act received Royal Assent in May 2025 and Royal Proclamation expected for Spring 2026. CPHR Alberta anticipates review of its self-regulation application in Spring 2027. Ongoing work focuses on legislative alignment, internal readiness, and member communications. CPHR Alberta Conference Join us at the CPHR Alberta 2025 Conference, Human-Centric HR on September 23–24 in Edmonton. Be sure to stop by the CPHR Alberta booth to meet and connect with your Board of Directors. The next Board meeting will take place on September 22, 2025, after which we will share our key messages. If you have any questions regarding these key messages or the Board of Directors, please contact chair@cphrab.ca . We welcome your feedback!
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