It’s finally here! Time for us to begin leaving our homes and heading back into the world…including back to work. But as exciting as it is to have your workforce returning, a transition back to the office does not mean a transition back to normal.
In fact, many of your employees will likely be feeling the impacts of COVID-19 for months if not years to come. Like most of the American workforce, they may have been impacted by:
- Reduced hours or furloughs
- Partner or other household income loss
- Unexpected medical bills
- Rising utility bills and food costs
…and more. And many of them may have turned to unreliable or high-interest loans such as credit cards or 401(k) loans in an effort to tackle these challenges. Coming back to work may also exacerbate the financial stress for some, with things like commuting costs and childcare costs now also being added to their mounting list of debts and expenses.
The same is true for businesses. Employers have also faced financial stress, including budget cuts and reduced headcounts. At the same time, some may be struggling to find a balance between working from home and office life and may still feel uncertain about the future.
As overwhelming as all of this may seem, bringing in a financial wellness benefit like Kashable is a great first step toward rebuilding a happy and healthy workforce.
Kashable for employees
Kashable’s Socially Responsible Credit loan program is a solution to employees’ high-interest debts and outstanding expenses. Because unlike other high-interest options employees may have turned to these past few months, Kashable’s loan program uses employment data to offer low-cost loans to employees across the entire credit spectrum. Kashable combines employment and credit data to determine loan amounts, ensuring that an employee is never borrowing more than they can afford. We also only allow employees to take one loan at a time, helping to alleviate debts rather than trap employees into a debt cycle.
But the best part is that Kashable’s loans are also automatically repaid through payroll, giving employees the opportunity to build their credit by making timely loan repayment stress-free. Plus, with no open enrollment period, your employees can rely on Kashable whenever they may face unexpected expenses or financial hardship.
Kashable for employers
Oh, did we mention that Kashable is also an excellent benefit for employers? Kashable’s program is free for most employers to implement, making it easy to support your teams without dipping into your already depleted budgets.
We won’t add any extra work for you either – Kashable offers seamless, simple integration and makes ongoing administration easy. Kashable’s online platform also helps your employees throughout the entire loan process, eliminating friction and confusion for everyone. But, should your employees have any issues or questions, our dedicated support team is available 7 days a week.
As a result, your employees will be able to work toward a brighter financial future without worry, making them more productive and keeping your office culture positive.
It’s hard to predict what the next few months will bring for your business, but with Kashable, you can offer your returning employees some much needed support. Before you head back into the office, reach out to a Kashable rep to see how Kashable’s low-cost personal loans can help both you and your team get back to business.