Caroline Ward FCA’s Post

How can employers boost retention and empower their teams? In her interview with The Fintech Times at Money20/20, DailyPay CEO Stacy Greiner shares how Earned Wage Access is shaping the future of work. Check out the full conversation: https://bit.ly/4idVHgT

Earned Wage Access is the future! 🌟💰 Give your employees the power to access their earnings as soon as they've earned them. Easy integration and setup. Learn more at www.multikrd.com. #EarnedWageAccess #FinancialWellness #EmployeeBenefits

💰 What if your employees could manage their finances on their terms? Earned Wage Access does just that. It's a painkiller for sudden expenses—emergencies, bills, or unexpected costs. Empower your team to thrive, and they’ll reward you with productivity and loyalty.

In the rapidly evolving gig economy, wage hikes don't always lead to smoother sailing. Recent insights show that increased wages for delivery drivers in New York and Seattle brought unintended consequences for both customers and workers. 📊 Key Takeaways: - Fee hikes by delivery apps aimed at covering higher wages ended up frustrating customers. - As a result, drivers received fewer orders, impacting their overall income. - This tug-of-war showcases the delicate balance between fair compensation and operational sustainability. Implications for the future: - 📉 Businesses must reconsider pricing strategies to avoid alienating customers while ensuring fair wages. - 🤝 Cross-sector collaboration between tech companies and policy-makers could lead to more sustainable models. This development is a crucial lesson for all industries balancing wage demands and customer satisfaction. Let's keep the dialogue going! 👇 What are your thoughts on strategies to balance wages and operations effectively? 👉 If you’d like to learn more about creating an AI Twin for your business and see some case studies go here: https://lnkd.in/gjWhtUK #Economy #GigEconomy #Wages #BusinessStrategy #CustomerExperience #Sustainability

6 PRACTICAL WAYS TO STRETCH YOUR MINIMUM WAGE As professionals or business owners, we understand the value of hard work and smart financial decisions. However, living on minimum wage can be a challenge, even for those with successful careers. The impact of minimum wage can be felt across industries, from entry-level professionals to small business owners. But here's the truth: living on minimum wage doesn't have to mean living in poverty. With smart budgeting, saving, and investing, you can make the most of your income and achieve financial stability. Practical Tips to Help You Stretch Your Minimum Wage: ➡️Track Your Expenses: Monitor where your money goes to identify areas for reduction. Use apps like Excel to make it easy! ➡️50/30/20 Rule: Allocate 50% for necessities, 30% for discretionary spending, and 20% for saving and investing. Adjust as needed! ➡️Cook and Save: Preparing meals instead of eating out can save up to 50% on food expenses. Get creative with recipes! ➡️Cancel Subscriptions: Review your subscriptions (gym, streaming, etc.) and cancel any unused or unnecessary services. Cut costs, not benefits! ➡️Micro-Invest: Invest small amounts regularly in a high-yield savings account or micro-investing apps. Compound interest works in your favor! ➡️Learn a High-Income Skill: Invest in yourself by acquiring skills in high demand, such as coding, digital marketing, or data analysis. This can lead to higher earning potential and financial growth. ➡️ Consider developing a side hustle or freelance work to supplement your income. This can help you: - Diversify your income streams - Build your professional network - Develop new skills and expertise - Increase your earning potential Remember, every naira counts, and small changes can add up to make a big difference. By implementing these tips and investing in yourself, you can break the cycle of living on minimum wage and achieve financial freedom. Join us this Friday, August 23rd, 2024, as we discuss Beyond Paycheck: Strategies to Thriving on Minimum Wage. See you there. #corporatelifewithmcaden #cl #happynewweek #linkedinfam

Knowing your hourly rate isn't just about money – it's a wake up call to how we spend our time. ⏰ This perspective shift can be a game changer for setting priorities and making the most of every minute. #houstonentrepreneur #houstonrealestate #millionairemindset #entrepreneurtips

Is the rising wage tsunami threatening your business ship? Imagine your business sailing smoothly ⛵ despite the rising minimum wage 💰. Sounds impossible❓ It's not. Here's how: 1️⃣ Right Price, Right Product: Don't lift all prices. Analyze 📊 sales data, zoom in 🔍 on trendy items, and tweak their prices to lower customer backlash 👎. 2️⃣ Data-Driven Staffing: Kiss your seasonal staff dependency goodbye 👋. Synchronize shifts with peak demand periods using historical data 📈. 3️⃣ Power Up Online: Turbocharge your online ordering system 💻 to boost sales volume. Digitally promote it for larger order potentials 🚀. 4️⃣ Time is Money: Pinpoint your peak and off-peak hours 🕰️. Trim the fat during sluggish periods to conserve labor while preserving service quality 🌟. 5️⃣ Engage with Design: Your menu isn't just a list of dishes 🍽️. It's a roadmap 🗺️ to profits. Guide customers to your money-making items through witty menu design 🎨. 6️⃣ Flex Your Income Muscle: Don't put all your eggs in one basket 🧺. Explore catering, branded merchandise, cooking classes to supplement revenue amidst rocketing labor costs 💹. Striking a balance between profitability and compliance to wage hikes isn't a walk 👣 in the park. It requires innovation, proactivity, and a custom-fit approach. As business owners, don't just ride the wave. Harness it 🏄♂️. Ready to turn the tide of rising labor costs❓ Let's chat. Let's conquer the wage hike wave together 🤝. #MinimumWageIncrease #LaborCosts ##OnlineOrdering ##MenuEngineering #OperationalEfficiency #RevenueGrowth

🚨What if I told you there’s a way to have an automated biz that can make you 1k/day in the not so far off future.🚨 But first, FOLLOW👉🏻 Jules Stock Click the link in my BIO and you will see a free video how I made 4 figures in day By “automated” I mean your systems are set up so they run 24/7 so you can earn even while you are sleeping 🤯 As a 54 yr old mom, I needed to step away from the paycheck to paycheck lifestyle. Think about it. When you work for an hourly wage you can only work for a certain amount of time..... BUT, when you have an automated system using the internet, there’s no cap! The sky really is the limit! ✨ I started this automated biz and I work on average 1-3 hours a day. Some days none, some days more. Want to learn the same way I did? Click the link in my BIO and you will see a free video how I made 4 figures in day 🤳 FOLLOW for the path to financial freedom #sidehustleformoms #workathomejobs #howtomakemoneyfromhome #quit9to5

💡 Implementing a living wage is a global challenge, but digital wage payments offer a promising solution. ✨ Why digital payments matter ✨ 🔹 Transparency: Digital payments reduce errors and exploitation, ensuring workers receive their full wages. 🔹 Security: Enhanced traceability protects workers, especially women, from theft and exploitation. 🔹Financial Stability: Timely and accurate payments help workers manage household cash flow and reduce dependence on borrowing. 🔹Data Insights: Companies can analyze wage trends and disparities, supporting fair wage practices. We call on industry leaders to recognize the transformative potential of digital payments in promoting economic equity and ensuring fair wages. Read the full article by Jean Pascal MVONDO, Samer Bakeer, and Katherine Rickard 👉🏽 https://lnkd.in/eK_BrSDN Business Fights Poverty #DigitalWages #ResponsibleDigitalPayments

"How do I set wage levels for my business?” It's a common question we get asked. From performing role analysis to doing market research and determining your budget, it requires a good deal of thought and regular review. Here are some insights from my fellow director @WarwickTurnbull #SettingWages #SmallBusinessAdvice #BusinessInsights