Worklife Partnership

In 2022, Worklife Partnership's resource navigation program helped 2,755 hardworking employees improve their work-lifWorklifefe stability, 24% more than in 2021. We partnered with 47 employers across multiple sectors including healthcare, manufacturing, retail, hospitality, long-term care, construction, and business services to provide support and resources to their employees. We connected employees with over 116,000 in direct cash assistance for housing, food and nutrition, healthcare, transportation, energy assistance, and childcare. We provided 11,311 resources/services to clients, including over 1,000 for financial services. After working with a Worklife navigator, 81% of workers responding to Worklife's client survey said they are now in a better place, 71% said they are more likely to stay at their current company, and 87% said they feel good working for a company that offers resource navigator service. In 2022, Worklife's health benefits navigation program assisted 191 workers to better understand and navigate their benefits; of which, 40% of the workers needed help managing medical bills and debt and 40% asked for help understanding insurance. After working with our health benefits navigator, 81% of workers responding to Worklife's client survey said they better understand their benefits, 70% said having access to Worklife's health benefits program made them more likely to stay at their current employer, and 37% said the program helped them miss fewer days at work. In 2022, Worklife's small dollar loan program lent over 441,000 to Colorado workers, with an average loan amount of 977, and less than a 4% default rate. After receiving a Worklife loan, 93% of borrowers responding to Worklife's client survey said they felt they were in a better place financially, and 94% said they were more likely to stay at their current employer because they had access to Worklife's loan program. Ninety-four percent of loan accounts reported to credit bureaus were in good standing and 50% of borrowers said that our loan deterred them from getting a payday loan. The small dollar loan program provides a critical support especially for women and people of color-73% of borrowers identify as black or latinx, and 84% of borrowers are female.