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Family Finances

Juggling Shifts: The Effect of Unpredictable Scheduling on Income Volatility, and Potential Solutions

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In the course of EPIC’s investigation of income volatility, variation in workers’ hours and scheduling instability – which is widespread – has been identified as one of the main drivers of the problem.

Many employers, governments, and technology companies have identified scheduling instability – and the income volatility it creates – as problems in need of fixing. In the scope of financial security, solving for income volatility is a crucial step in stabilizing millions of households. By securing their finances now, they will be in better situation to look ahead and save for their future.  When it is challenging to predict income, it is near impossible to plan for near-term or long-term financial goals.

Along with the Economic Opportunities Program, The Financial Security Program’s EPIC initiative hosted a panel conversation that explored cross-sector innovative solutions to both scheduling unpredictability and income volatility.

Panelists included:

  • Heather Boushey, Executive Director and Chief Economist at Washington Center for Equitable Growth
  • Will Eadie, Vice President Sales and Strategy at WorkJam
  • Ari Schwartz, Lead Organizer at DC Jobs with Justice
  • Lara Shock, Director, Associate Choice Initiatives at Walmart

From that panel came the following observations, insights, and suggestions for solutions:

Scope of the Issue

Solutions

Giving Workers a Voice

Innovate with Hours & Schedules

Leading by Example

Update Policies

More Involvement from Government and Organized Labor

Webcast Materials

Event information
Date
Thu Jan 12, 2017
9:30am - 11:00am GMT+0000
Location
The Aspen Institute
1 Dupont Circle NW #700
Washington, DC