25 May Free Webinar: Employer-based Lending: Safe Loan Alternatives at Work
Register today at: https://attendee.gotowebinar.com/register/1357107793640763393
Caring employers are becoming more aware that their employees sometimes struggle with their personal finances. New studies are being released nearly every week showing that employees are not adequately prepared for financial emergencies as small as $500. And an employee struggling with a financial shock cannot effectively focus on their job.
While some employers have added financial education and coaching to their employee benefits packages, an increasing number are recognizing that sometimes counseling just isn’t enough.
These employers are offering safe loan alternatives at work, an emerging solution that may generate the kind of scale and availability to make a real dent in the predatory lending crisis in our country.
Some forms of workplace lending have been around for a long time: loans against retirement accounts, signature loans from an employee credit union, or even salary advances from the employer. But there can be stigma associated asking your employer for financial help, and not all employees have sufficient credit to qualify for signature loans. As we know, 12 million employees are resorting to payday loans, car title loans, and other forms of high-cost credit as a result.
This webinar is focused on a few emerging workplace employee benefit programs that seem to be having success at providing employees with a safer alternative. We will learn about these options, allow an opportunity to ask questions, and find out what role advocacy organizations and financial coaching programs can have to complement these workplace based solutions in our communities.
After registering, you will receive a confirmation email containing information about joining the webinar.