by admin | Jul 18, 2022 | Strategies for Employers
Challenge: While saving for retirement is a goal on which everyone should focus, this is often a goal that seems out of reach for low-income households, as often, every dollar earned is needed to meet basic household needs or pay off existing student loans....
by admin | Jul 18, 2022 | Strategies for Employers
Challenge: Health care is expensive, and some low-wage workers feel they must forego preventive care due to the cost as well as the necessary time off. This can lead to higher incidence of acute illness, use of emergency rooms, and increased costs to employer health...
by admin | Jul 18, 2022 | Strategies for Employers
Challenge: In many companies, perks such as bonuses, paid parking, life insurance, and 401k contributions, are extended to mid and upper-level employees, to encourage retention and demonstrate employee value. To further assist with retention of valued staff, these and...
by admin | Jul 18, 2022 | Strategies for Employers
Challenge: Some employers do not provide paid time off (PTO) to all workers—especially part-time workers. This can result in absenteeism, workers coming to work sick, or negative impact on the worker’s family finances. Strategies: Consider offering sick leave and paid...
by admin | Jul 18, 2022 | Strategies for Employers
Challenge: Financial Literacy is a challenge for many people, and is no different in many tight budget households. Families with limited financial knowledge often fall prey to predatory lending and other unhealthy credit schemes. This often leads to unnecessary stress...
