breakout

Jennie Sparandara

Managing Director, Head of Programs, for Corporate Responsibility, JPMorgan Chase

Jennie Sparandara is Managing Director, Head of Programs, for Corporate Responsibility at JPMorgan Chase. Jennie leads the firm’s efforts to drive inclusive economic growth in communities through initiatives that strengthen workforce systems, revitalize neighborhoods, grow small businesses, and improve individuals’ financial health. Leveraging the firm’s philanthropic, policy, research and business resources, her portfolio includes signature firm projects to address the future of work and workers, support underserved entrepreneurs, and bolster the long-term vitality of communities.Jennie joined the firm in 2016; previously she led the Job Opportunity Investment Network (JOIN), a partnership between philanthropy, government, community organizations and employers to drive economic development. Jennie was appointed by Mayor Michael Nutter as the first Director of Human Capital Investments for Philadelphia, responsible for reorganizing the city’s job training and anti-poverty agencies to support better outcomes for low-income Philadelphians. She also led anti-poverty efforts for the city after the 2009 financial crisis, focusing on out of work adults and small business owners. Previously, Jennie served in policy roles at the federal and local levels including at the Center for Democracy and Technology and Government Accountability Office. She has served as a Board Member for the National Fund for Workforce Solutions, and the Council for College and Career Success, the GreenLight Fund, and as a trustee of the Community College of Philadelphia.Jennie holds a bachelor’s degree from Barnard College, Columbia University and a master’s degree in public policy from Georgetown University.

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Sessions

Breakout session

Tue, May 13, 11:10 am - 12:00 pm MT

Recognition of the Whole Employee: How Benefits Addressing Workers’ Financial Challenges Result in a Win-Win

LIFT UP FOR YOUR COMMUNITY

Successful employee recognition and total rewards programs address and support employees as whole individuals and acknowledge the impact that financial stress may have on their professional lives. With 78% of financially stressed employees reporting negative effects on job performance – resulting in increased absenteeism, turnover, and reduced productivity – businesses face up to $183 billion in annual costs. The solution? Understanding that financial health is an integral part of employee well-being and implementing workplace solutions that create pathways to financial stability for all.

In this session, Timothy Flacke, Co-Founder and CEO of Commonwealth, and Jennie Sparandara, Managing Director and Head of Programs for Corporate Responsibility at JPMorgan Chase, will highlight the critical role workplace benefits play in fostering financial resilience. They will present compelling research demonstrating how these benefits are especially impactful for low-to-moderate-income populations and the holistic efforts JP Morgan Chase is taking to improve these outcomes – both within the firm and with employers across the country – such as leveraging its own business practices, insights, and philanthropic capital to address wealth gaps and enhance employee financial wellbeing.

Key takeaways include:

How debt reduction, workplace savings and other wealth-building solutions can be implemented to support employee recognition and financial well-being
How leveraging workplace financial health provisions in the SECURE 2.0 Act can support workforce productivity and retention
What action steps are available to address employees’ financial needs

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Timothy Flacke

Jennie Sparandara

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