In our work we have found that a lot of companies that operate with high employee turnover have high employee engagement scores. Why the disconnect? Engagement scores might make executives feel good about the quality of jobs they offer. But they offer limited insights in contexts where employees are financially insecure. The largest drivers of turnover in those settings tend to be pay and benefits, unstable schedules, and lack of career growth.
To encourage more companies to conduct financial health analysis of their workers, GJI has partnered with JUST Capital, Financial Health Network and PayPal to launch the Worker Financial Wellness Initative. This initiative supports companies by offering tools, engagement, and connections with other leading companies committed to improving jobs