The Ripple Effect: How Employees—and Companies—Win When Employees Have Financial Breathing Room
Financial and personal autonomy is an obvious win for people with plans for their life. But it's also good for the companies who currently employ them.
Several years ago, a co-worker was suddenly laid off from her job. We weren’t particularly close, but it felt like we were at a group gym training session on a Tuesday, and she was dismissed on Thursday. Her departure was one of the most sudden I’ve seen, and a great reminder that jobs are only safe until the day they aren’t.
Said co-worker was distraught over the sudden loss of income, since it turns out that her expensive life couldn’t hum along for more than a week or two without it. Getting a new job, and stat, was critical.
I don’t know the details of her life and choices, and this article is not meant to be a criticism of her. It’s not actually even a piece about the absolute necessity of expanding your financial and personal autonomy to be more “insured” against this sort of thing. It’s rather a look at how everyone, including employers, wins when people like you and me have a degree of financial autonomy.
Right now employees don’t. The stats v…