Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Workers' Wellbeing - The Holistic Approach

Workers' Wellbeing - The Holistic Approach

FromTransforming Work with Sophie Wade


Workers' Wellbeing - The Holistic Approach

FromTransforming Work with Sophie Wade

ratings:
Length:
41 minutes
Released:
Mar 9, 2020
Format:
Podcast episode

Description

Max Weiner is Founder and CEO at Resilient, a company that provides inclusive insurance options to low- and moderate-income freelancers and hourly workers Americans. It is difficult for hourly workers to find consistent work so they have benefits that can protect them from health shocks. However, companies are recognizing the benefits of taking a more holistic approach towards the well-being of all their workers.  Key Takeaways: [01:28] The growing emphasis on inclusive culture and values. [02:02] Hourly workers are seen as expendable and cannot gain enough hours to pay for health care coverage.  [03:34] What does the Future of Work look like for low income freelancers and hourly workers?  [04:46] What are some of the challenges of having a viable and sustainable work environment?  [05:18] The concern about wages and benefits for contract workers and what protection is needed. [06:57] What are the pillars of a stable society and economy? [08:12] Options for providing holistic support for hourly workers. [08:59] How to shift the full cost off hourly workers of protecting their wellbeing. [10:08] The challenges of overall financial health for workers without predictable schedules. [11:46] How benefits and insurance help individuals deal with health-related shocks. [12:57] Should the private sector solve this problem or is it time for the government to step in and help these workers?  [13:47] Companies are increasingly seeing the benefits of taking their workers holistically as financially stressed workers are less productive.  [15:07] Education and tools that nudge people to establish better financial habits. [16:07] Max shares how a traditional NYC taxi company is retaining drivers using Resilient. [20:02] How freelancer platforms could reward loyalty with insurance protection.  [24:43] The Business Roundtable announced the role of corporations is to maximize the interests of ALL stakeholders. [27:55] Proactive regulators in the UK and NYC are open to new innovation. [30:15] How technology benefits and enables inclusive insurance. [33:09] Low income Millennials want life insurance more than cash back. [35:23] The population that is underserved by the banking sector. [38:14] Immediate Takeaway Action: Stakeholder capitalism—consider the full spectrum of the workforce and how to support their financial health.   Resources: Imresilient.co Articles on Medium   Quotes:    “It’s in everybody’s interest to protect stakeholders and workers are a very large part of that and providing worker’s protections is not only fair, but it’s fundamental if you want a stable society.”    “As the world changes, [fair treatment of workers] is increasingly important for consumers and consumers will vote with their purchasing.”   “People really want insurance protections and will do quite a lot to receive them if you provide them in ways that are comprehensive and easy to interact with.”
Released:
Mar 9, 2020
Format:
Podcast episode

Titles in the series (100)

Sophie addresses current business conditions and explores ways to navigate the disruption. She shares informative insights and interviewing leading innovators who are providing or benefiting from transformative solutions that will allow companies to emerge with sustainable models, mindsets, and business practices. Find out how to transition to more effective, productive, and supportive new ways of working—across locations, generations, and platforms—as we harness these challenging circumstances to drive significant, multidimensional changes in all our working lives.