Hidden poverty in the workplace: how you can make a difference as an employer
Poverty can be closer than you think – sometimes all it takes is an unexpected bill to push someone into financial hardship. But poverty isn’t just about money; it also affects people on a social and emotional level. On 28 November 2024, social entrepreneur and Quiet Netherlands founder Ralf Emmerichs will speak at the Masters of ICT in Het Kato station to discuss hidden poverty and its impact on employees.
He will be joined by Bas Hijdra, a construction business owner from HOI Tilburg, who is deeply engaged in addressing hidden poverty within his company. With their insights, Quiet aims to raise awareness about this often-overlooked issue and inspire employers to recognise and address hidden poverty in their workplaces. “Poverty isn’t only about financial hardship; it’s also about lacking support, connections, and a sense of belonging,” Ralf explains. This session offers a fresh perspective on how to tackle poverty in the workplace.
Date of Publication: 14 November 2024
Read time +/- 4.0 minutes
Poverty is more than just pay
“Poverty doesn’t just impact finances – it affects one’s entire social and emotional well-being,” Ralf explains. Through his work at Quiet, he encounters children who can’t join after-school activities and employees struggling with financial burdens they feel unable to share. “These issues don’t just disappear at work,” he says. “Can someone really focus if they’re constantly worried about paying the rent or the bills?” He highlights that such situations create hidden obstacles at work, costing around €3,100 per employee annually in lost productivity due to financial stress and health issues.
What can you do as an employer?
“It’s essential to address poverty before it becomes visible in the workplace. By the time it’s noticeable, it’s often too late. Here’s what you can do as an employer:”
-
Encourage open conversations about money
Foster a culture where employees feel comfortable discussing their financial challenges. Consider wellbeing check-ins, where people can share more than just “I’m fine” and build trust so that employees feel heard and supported. -
Provide practical financial support
If you’re unable to offer direct financial assistance, point employees towards resources where they can seek help, such as local support services or online platforms. Websites like these can offer budgeting advice and personal support. -
Break the stigma around financial stress
Companies that actively support employees in financial distress can reduce stress and build a healthier, more engaged workforce. Show your employees they’re valued beyond their productivity, helping to break the poverty cycle and foster resilience.
The impact of the Quiet community
Ralf’s Quiet movement actively tackles hidden poverty. Through partnerships with supportive communities, Quiet connects people facing poverty with essential resources and creates a support network. “We aim to show that even small gestures can make a big difference,” Ralf says. “Whether it’s a meal, a voucher, or simply a bit of relief, we want to give those facing poverty moments of dignity and peace.” Quiet continues to inspire through stories and partnerships, demonstrating that real change is possible when we work together.
Twente will host the Quiet community on 28 November, featuring Ralf Emmerichs’ insights. As an employer, you’ll gain practical tips and discover ways to make your employees feel more secure, creating a workplace where everyone can thrive.
Share article on:
Kim Peddemors
Up to date blijven?
“Ik vind security, van een hoger niveau, interessant”
