WB1 | How PayPal Is Leveraging HR Data to Improve Employee Financial Well-Being
- Room: Breakers ABCGHI
- Session Number: WB1
Wednesday, September 29, 2021: 11:00 AM - 12:00 PM
Speaker(s)
Description
Large organizations are prioritizing workforce financial health and well-being, but they often experience low engagement in traditional wellness benefits such as financial literacy and coaching, especially among hourly and entry-level employees. What they may not realize is that their HR and payroll systems often already have all the data necessary to positively impact employees' financial health; it’s just a matter of knowing how to put that data to work. In this session, you’ll learn how PayPal's HR team, tasked with improving the financial health of the company's hourly and entry-level workforce, leveraged HR data to implement new tools that enabled them to better understand the financial health of employees and empowered their employees to take control of their financial lives. Hear the results of PayPal’s program, which included employees saving an average of $500+ within the first six months, the amount experts recommend for emergencies.
Learning Objectives
-Learn the business cost of employees’ financial distress and why workforce financial health should be a C-suite priority
-Understand your HR data to improve workforce well-being
-Distinguish between point solution “quick fixes” and platforms that deliver measurable outcomes in employee financial health
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