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How Employers Can Improve the Financial Health of Hard-Hit Restaurant Workers

Now Available On Demand

Employee financial health is essential to the stability of the American workforce, employers and the economy. Yet, financial matters remain a top cause of stress for employees.1 Even before the pandemic:

  • More than 34% of workers felt financially unstable.
  • 68% could not pay for an unexpected $400 expense without going into debt — and the situation has gotten worse for many.2
  • It’s estimated employers lose 150 hours of productivity per employee annually due to financial stress.3

Complicating matters further for employers, five generations are now working side-by-side4 and each generation has its own needs around management styles, benefits and pay.

Is your restaurant business seeing the impacts of poor employee financial health across your workforce? Register for the webinar, where Netspend will reveal the latest research, and share strategies restaurants can deploy to help pave the way for employees’ paths to financial well-being.

Sponsored by

Adam Kujawa
Vice President
Netspend

 

Ann Sizemore
Vice President of Human Resources
Captain D’s Seafood

 

Alan Liddle - Moderator
Senior Data & Events Editor
NRN Restaurant & Food Group

 

 

1 Forbes, What Employees’ Financial Unwellness is Costing Their Companies: 
https://www.forbes.com/sites/ellevate/2017/09/07/what-employees-financial-unwellness-is-costing-their-companies/#5d79a5055f9a

2 Netspend Survey: Understanding Trends in Employee Financial Health, Survey of 1,000 U.S. adults employee full or part time, February 2020, pgs. 26, 28
3 Chicago Business Journal, April 2019, “Employees’ Money Worries Drain Employers’ Bottom Line” 
https://www.bizjournals.com/chicago/news/2019/04/15/employees-money-worries-drain-employers-bottom.html 

4 Inc., Different Motivations for Different Generations of Workers: Boomers, Gen X, Millennials and Gen Z 
https://www.inc.com/john-rampton/different-motivations-for-different-generations-of-workers-boomers-gen-x-millennials-gen-z.html