Raise-Centered Financial Security Strategies: Findings From Rise with the Raise

Commonwealth
Categories: Employer BenefitsWorkplace

Across the country, financially vulnerable workers are witnessing increases to their take-home pay as companies boost compensation and jurisdictions raise statutory minimum wages. Through pilot interventions and consumer research with hundreds of workers, Commonwealth has studied how wage hikes can be leveraged to maximize gains to worker financial security. We’ve found that raises represent a real opening to build financial security for workers through targeted employer strategies, an opportunity attractive to both workers and employers.