WORKLIFE PARTNERSHIP

WORKLIFE PARTNERSHIP PROVIDES ONE-ON-ONE ASSISTANCE TO INCUMBENT WORKERS THROUGH ITS PRIMARY PROGRAM SO THEY MAY REMAIN STABLY EMPLOYED AND PURSUE PATHWAYS TO ECONOMIC MOBILITY. IN 2024, WORKLIFE HELPED 2,109 HARDWORKING EMPLOYEES IN 35 STATES IMPROVE THEIR WORK-LIFE STABILITY THROUGH ITS SIGNATURE RESOURCE NAVIGATION PROGRAM. WE PARTNERED WITH EMPLOYERS ACROSS MULTIPLE INDUSTRIES INCLUDING HEALTHCARE, MANUFACTURING, RETAIL, HOSPITALITY, LONG-TERM CARE, SOCIAL SERVICES, AND CONSTRUCTION TO PROVIDE SUPPORT AND RESOURCES TO THEIR EMPLOYEES. NINETY PERCENT OF THE EMPLOYEES WE SERVED HAD INCOME LESS THAN 80% OF THE AREA MEDIAN INCOME (AMI) IN THEIR COMMUNITY, OVER 80% COULD NOT FULLY COVER A SUDDEN EXPENSE OF 300, 50% REPORTED BASIC NEEDS OR FINANCIAL SECURITY AS THEIR PRIMARY CONCERN, AND 25% RETURNED FOR ADDITIONAL SERVICES. OUR RESOURCE NAVIGATORS PROVIDED EMPLOYEES WITH OVER 7,000 RESOURCES/SERVICES AND CONNECTED EMPLOYEES WITH OVER 282,000 IN DIRECT CASH ASSISTANCE FOR HOUSING, FOOD AND NUTRITION, HEALTHCARE, TRANSPORTATION, ENERGY ASISTANCE, AND CHILDCARE. AFTER BEING SERVED BY A WORKLIFE NAVIGATOR, 90% OF WORKERS RESPONDING TO WORKLIFE'S CLIENT SURVEY SAID THEY EXPERIENCED LESS STRESS AND 75% REPORTED A DECREASE IN THEIR FINANCIAL WORRIES. IN 2024, WORLIFE'S SMALL DOLLAR LOAN PROGRAM WROTE 837 LOANS TO COLORADO WORKERS, A 41% INCREASE FROM 2023, FOR A TOTAL OF OVER 826,000. THE DEFAULT RATE REMAINED LESS THAN 4% FOR 2024, AND LESS THAN 3% SINCE THE INCEPTION OF THE PROGRAM. AFTER RECEIVING A WORKLIFE LOAN, 88% OF BORROWERS RESPONDING TO WORKLIFE'S CLIENT SURVEY REPORTED FEELING LESS STREES AND 53% SAID THE LOAN HELPED THEM REMAIN EMPLOYED. NINETY-SIX PERCENT OF LOAN ACCOUNTS REPORTED TO CREDIT BUREAUS WERE IN GOOD STANDING.