The Worker Financial Wellness Initiative is dedicated to helping companies answer that question, supporting company leaders as they invest in their workers, and making sure workers' financial security is a C-suite and investor priority. Established by JUST Capital and PayPal, in collaboration with the Financial Health Network and Good Jobs Institute, we are committed to providing:
The Initiative offers resources positioned to support companies interested in beginning or continuing their worker financial wellness journey by taking steps forward to assess and improve workers’ financial health. And there is no one-size-fits-all approach to the journey. We meet companies where they are, help them ask new questions regarding the financial wellness of their workers, and build the case for continued improvements. We launched the Worker Financial Wellness Initiative in 2020 and, since then, have built a community of corporate leaders working to assess and improve their workers’ financial well-being.
In addition to wage increases or benefits expansions, participating companies have taken actions including updating scheduling practices, implementing policies to provide greater predictability for hourly retail workers, building a new cafeteria at a remote manufacturing facility to help offset the costs of food and travel, creating ownership/shareholder opportunities for workers at all levels of the company, and new emergency savings programs.
Research shows that improving workers’ financial wellness benefits not only workers themselves, but also business outcomes such as engagement, productivity, innovation, and customer satisfaction, as well as cost reductions in employee turnover and external recruitment.
To demonstrate the power of worker financial wellness investment into transforming the lives of workers and driving core business outcomes, we have captured the stories of workers and executives at four companies in the Initiative. Watch their stories below, then get in touch to see how your company can become part of an Initiative that has already made an impact on the financial lives of 1 million American workers.
Experts from the Financial Health Network, Good Jobs Institute, JUST Capital, and PayPal explain how companies can conduct an assessment of wages, benefits, and employees' overall financial health.
Experts from JUST, PayPal, and Good Jobs Institute unpack key themes relating to worker financial wellness, discuss trends around increasing wages, and connect the work to corporate America’s commitment to advance racial equity in the workplace.
PayPal CEO Dan Schulman and JUST Capital chairman Paul Tudor Jones discuss why there has never been a better time to invest in your employees at the Forbes JUST 100 Summit
Chipotle, Prudential Financial, and PayPal share insights on how, and why, companies should prioritize worker financial wellness as they look to strengthen their operations, recruitment, and retention in a post-pandemic economy.
