Financial Security in the Workplace: Innovative Employer Strategies
The pressures of financial insecurity make it challenging for financially vulnerable workers to do their best work. In our last post and in our recent publication, Financial Security in the Workplace: Making it work for Financially Vulnerable Workers, we discussed the…
Financial Security in the Workplace
Recent years have seen human resource professionals and advocates focus on employee financial wellness. Employees’ financial wellness, the thought goes, is a critical element of their overall wellness and impacts their performance at work. At Commonwealth, we have been exploring…
Supplementing Health Expenses with Savings
Commonwealth is committed to building the financial security of financially vulnerable people, and one of the factors that is increasingly contributing to financial insecurity is health expenses – the average annual deductible grew 125% from 2006 to 2015, causing out-of-pocket…
Improving Financial Security Through Employer Benefits
Financial volatility caused by health expenses is a barrier to financial security. According to a study by JPMorgan Chase Institute, many families take at least 12 months to recover financially from a major medical expense. Can personalized data spur a…
Rise with your Raise: Linking Work to Financial Security
States, counties, and municipalities across the country have passed legislation to increase the minimum wage for 19 million workers, offering a once in a lifetime opportunity to build their financial security. At Commonwealth, we’re looking at how we can partner…
Minimum Wage Hikes – What if…
What if the coming minimum wage increases could be used to build financial security and opportunity for working families? Since 2015, significant momentum for minimum wage increases has spread across states and employers, affecting millions of low-wage workers. The recent…