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August 27, 2021

Consumer Financial Protection Bureau (CFPB)

Advisory Opinions PolicyNovember, 2020 According to the Bureau of Labor Statistics, nearly two-thirds of U.S. private businesses use biweekly, semimonthly, or monthly pay periods. A study by the Financial Health Network found that 38 percent of respondents cited timing mismatches between income and expenses as a reason for using short-term, small-dollar credit. Earned wage access products have recently emerged in […]

August 27, 2021

PwC’s 9th annual Employee Financial Wellness Survey

2020 Results Financial matters is the top cause of stress and a major distraction at work: When asked what they feel causes them the most stress, more employees cite financial matters than any other life stressor combined, and employees who are stressed about their finances are more likely to be distracted at work. Read Full Article here

August 27, 2021

Many Americans, especially families, can’t live on a $15 minimum wage

CNBC Personal Finance, February 21, 2021 Read Full Article Here Even with a raise to $15 per hour, a typical family of four couldn’t afford the basics in any U.S. state, according to a CNBC analysis of cost-of-living data assembled by researchers at the Massachusetts Institute of Technology. Affording everyday items can be a challenge. For example, having a […]

August 27, 2021

Living Wage | Calculator

The living wage calculator’s creator, Amy Glasmeier, a professor of economic geography and regional planning at the Massachusetts Institute of Technology, agreed. “Higher wages induce employers to raise productivity. We are about to face a labor shortage, given the aging Baby Boomer generation, a smaller Generation Z and reduced immigration,” she said. Glasmeier noted that the […]

August 27, 2021

Wonolo CEO Launches a Living Wage Pledge

Yahoo Finance, March 31, 2021 Read Full Article here

August 27, 2021

The True Cost of Being Underbanked

Glenbrook Partners, April 30, 2021 It’s expensive to be a low income American, driven in part by the high cost of financial services available to such consumers. Fintechs have an opportunity to displace the traditional, high-cost services that target low income consumers. Who Pays to Pay? The Financial Health Network estimates that in 2020 the financial services […]

April 9, 2020

10 Financial Facts That Reveal the Economic Impact of COVID-19

Even as we’re in the midst of fighting the spread of COVID-19, we’re worried about what the future holds for us. Economic researchers are just beginning to measure the far-reaching impact of the novel coronavirus. Here are 10 financial facts that reveal the impact of COVID-19 on the U.S. economy. Returning to Normal Too Early […]

March 16, 2020

Supporting Your Hourly Workers During COVID-19

Coronavirus (COVID-19) has spread rapidly around the globe in the past two months. Recently, the World Health Organization declared the viral outbreak a pandemic. Many employees are feeling anxious about the outbreak, but for hourly workers, those health concerns are magnified by concerns about the difficulty in taking leave due to potential quarantines. Roughly 24% of […]

March 8, 2020

Fuel for Growth: Improving Cash Flow at Transportation Companies

Cash flow can be a roadblock for many transportation companies. The volatility of fuel and labor costs as well as the 30-, 60- or 90-day billing cycles mean even the best-run transportation companies will often have to wait months to get paid by their customers. Transportation companies don’t have to let the financial condition of […]

February 21, 2020

How Hotel Recruiters Can Handle Staff Shortages in 2020

The tight labor market can be seen in many places, but perhaps it is most noticeable when you travel. From long lines at the front desk to the lack of dining options at hotels, the hospitality industry has struggled to keep up with demands from travelers. The hotel and lodging industry supports 1 in 25 […]

February 14, 2020

3 Trends Driving Transportation Recruiting in 2020

Driverless trucks may one day rule the roads, but that time isn’t here yet. Over the next decade, the transportation industry will need to hire roughly 1.1 million new drivers, or an average of nearly 110,000 per year, according to the American Trucking Associations (ATA). The shortage of talent pushes recruiters at transportation companies to […]

December 16, 2019

‘GoDo’ - FREE High Octane Pay Solution for the Trucking Industry

The trucking industry is the lifeblood of the U.S. economy. Nearly 71% of all the freight tonnage moved in the U.S. goes on trucks. Without the industry and our truck drivers, the economy would come to a standstill. To move 10.5 billion tons of freight annually requires over 3.6 million heavy-duty Class 8 trucks and […]

December 12, 2019

“CHURN IT OFF!”

We’ve all gotten numb to the constant drip, drip, drip of employee churn.

December 12, 2019

“Alice UNBANKED”

To everyone else at the market, Alice is just a mom, shopping for groceries with her ten- year old daughter.

December 11, 2019

Give Low Wage Earners Dignity + Pay

One of the hotel industry’s most important resources is their housekeeping staff.

December 3, 2019

PAY it Forward With New Technology Before You’re Left Behind

W. Edwards Deming once said, “A bad system will beat a good person every time.” The two-week pay cycle isn’t necessarily bad, but a lot of very good people need their hard earned wages sooner. Though you may not realize it, many of your employees may be suffering from money related anxiety right now. Some […]

December 3, 2019

The Permanent Damage of Payday Loans

Payday lending is TOXIC. It damages even those with good intentions of repaying their debt. Every year, roughly 12 million people in the U.S. borrow a total of $50 billion, spending some $7 billion on just interest and fees, according to The Pew Charitable Trusts. An estimated 16,000 payday loan stores are spread across the […]

December 3, 2019

The Modern Art of Blending Generations at Work

There’s something cool and colorful going on in the workplace right now.

November 20, 2019

A True Confession: I Can’t Afford to Keep the Job I Love.

I can’t aford to keep my job. For five years I’ve worked at a flourishing financial company....Read More

November 20, 2019

Real Employee Engagement Soars with Real-Time Pay

What exactly is’employee engagement’? It’s more than just a hip phrase companies like to toss around

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