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Did you know? 44% of the American workforce makes less than $20 an hour and are living paycheck to paycheck. Much of that hourly wage employee sector is considered essential workforce to keep our economy humming, as evident in the pandemic triggered shut down and in the current supply chain crisis.
For this Compassionate Capitalist Show, Karen Rands is joined by Sabina Bhatia, Chief Customer Officer at PayActiv, to talk about the impact 'financial insecurity and well being' of hourly wage workers have on the profitability and scalability of businesses. Earned Wage Access is rapidly becoming the #1 way for companies to attract and retain their non-salary employees. Understanding HOW high turnover and job vacancies, and how distracted and anxious employees effect quality control and customer experience, is critical for both founders and investors. The soft dollar impact on the financial performance of a company and stagnation of a company to reach their growth targets directly correlates to the ROI of an investment.
With great passion and focus, Sabina Bhatia has been instrumental in building the financial category of Earned Wage Access from infancy to mainstream adoption as the most important employee wellness benefit of 2022. As a Chief Customer Officer at Payactiv, she acts as a daily advocate and amplifier for the needs of thousands of corporate clients and millions of lower-income workers. More info at http://payactiv.com
Karen Rands, is the leader of the Compassionate Capitalist Movement™ and author of the Best Seller, Inside Secrets to Angel Investing. She is an authority on creating wealth through investing and building successful businesses that can scale and exit rich. Visit http://kugarand.com to learn how to hire her firm to identify the red flags of deal before you invest or try to raise capital.
Watch Youtube: https://youtu.be/03AYl5lLARs