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.
- 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
— Aspen FSP (@Aspen_FSP) January 12, 2017
— Bridget Ansel (@bridgetansel) January 12, 2017
Giving Workers a Voice
Innovate with Hours & Schedules
Leading by Example
Shock of @Walmart “We know when we do it right & lead in spaces like #scheduling it will drive change across the industry.” #JugglingShifts pic.twitter.com/OBHppojg6X — Aspen FSP (@Aspen_FSP) January 12, 2017