Paul Phillips spends most of his day in -20 degree Centigrade, managing the mega-freezer in a Rhino Foods manufacturing facility. A few years ago he fell into financial difficulty following an error on his tax return.
His B-Corp employer came to the rescue. In partnership with North Country Federal Credit Union, Rhino Foods offer their Income Advance Programme as a benefit to all Rhino Foods’ employees, guaranteeing same day access to $1,000 for emergency or unplanned needs. The advance is repaid through weekly payroll deductions.
Rhino Foods claims the programme is a huge success: ‘for the employee the program reduces stress, improves credit, and increases savings. The return for the company is reduced absenteeism, higher morale and a more focussed employee’.
Watch the 3-min film: Rhino Foods