The A.I. Elections Advisory Council

A community of leaders working to build social trust and election resilience.

The AI Elections Advisory Council is a constructive space for experts to share key insights across civil society, government, and industry throughout the US elections.

Aspen Digital

Emerging Opportunity

Tech Trends in Worker Financial Security

An abstract illustration of rivers converging. Swaths of blue, undulating shapes meet and overlap.
May 24, 2023

Aspen Digital

The growing compilation of data across all aspects of life is shifting both opportunities and risks for workers.

We now have better information on workers’ needs. Yet, as data on workers gathers into richer digital profiles and identities, the potential for harm increases.

This guide is designed to help employers navigate how to decide when and if to adopt new technologies to support their workers’ financial security, with an eye toward ethics and privacy.

Dive into this guide

Current Context

Current Context

Many employers now offer a variety of resources to help stabilize workers’ funds to help avoid short-term financial difficulties.

Possible Intersections

Possible Intersections

How are tech trends driving change across all industries, and how may they show up in the worker financial security context?

Expert Insights

Expert Insights

HR decision-makers, labor advocates, social entrepreneurs, and experts in financial security share their perspectives.

HR Resource

HR Resource

How to navigate researching and implementing new services, with an eye toward improving the financial lives of workers.

About this series

In this context, Aspen Digital hosted a series of workshops in early 2023 on the impacts of introducing tech tools into the services and products that employers offer to a variety of workers such as gig, hourly, undocumented, and salaried workers in an effort to support their financial wellness, both today and in the decade to come. These conversations brought together leaders from the U.S. and Europe in worker financial security, employer-offered services, and labor relations to discuss tech trends, potential opportunities, and needed alignments. We explored the intersections of topics like access to earnings, savings, and loans with personalization, alternative data sources, privacy, and worker governance.

The result is this three-part series detailing the state of current interventions, possible intersections between emerging technologies and financial wellbeing, and forward-looking insights from experts in the field. These insights culminate in a guide for HR professionals, which includes key questions to help employers navigate how to decide when and if to adopt new technologies to support their workers’ financial security, with an eye toward ethics and privacy.

Acknowledgements

We extend our immense gratitude to all those who generously shared their time and expertise during our workshop sessions, and during the research and compilation of this resource. The invaluable contributions from individuals across various domains have truly enriched this endeavor.

Thank you to the human resources representatives who provided profound insights into the challenges faced by workers and employers in maintaining financial security in an evolving work landscape. Their willingness to share their experiences and perspectives has been instrumental in shaping the content of this report.

Thank you also to the worker and labor rights advocates and financial health researchers who graciously shared their extensive knowledge and unwavering dedication to ensure fair treatment and financial wellbeing for workers. They provided crucial guidance and expertise in understanding the intricate dynamics of the modern workforce and the potential impact of emerging technologies on financial security. Their dedication to championing workers’ rights has been a constant source of inspiration.

Finally, thank you to the Mastercard Center for Inclusive Growth for supporting this work and for their commitment to economic equity. 

Share your Thoughts

If this work is helpful to you, please let us know! We actively solicit feedback on our work so that we can make it more useful to people like you.

AuthorS

Morgan McMurray, Shanthi Bolla, & B Cavello

Browse More Reports

A.I. Election Risks

A.I. Election Risks

There is growing concern over the AI risks facing the 2024 US elections. Our AI Elections Advisory Council has identified three major threats.

Building a Fair Data Future

Building a Fair Data Future

Data has the potential to be useful to the community it pertains to, but it’s rarely made available to those who might benefit from it most.