Earnings on demand and financial wellbeing | James Herbert, Hastee
James Herbert is the founder and CEOof Hastee – an award-winning earnings on demand technology, offered as a workplace benefit that enables workers to take a portion of their earned pay, on demand, increasing choice and financial flexibility. According to Hastee’s 2020 Workplace Wellbeing Study, nearly half (41%) of workers are now relying on at least one new loan, credit card or overdraft in order to make ends meet, with over a quarter (27%) are needing to sacrifice essential purchases due to a lack of available money. This week, Searching for Mana dives deep into financial wellbeing, as James sits down with Lloyd to talk about the ethical alternative to taking on debt from sources of credit and is designed to stop the cycle of accumulating interest fees facing those borrowing money month to month.
On the podcast, James tells Lloyd about his entrepreneurial journey from setting up a T-shirt printing business, through founding Brightsparks, a staffing business that has employed over 20,000 people from his dorm room, to raising $270 million with Hastee on a mission to allow workers to immediately access up to 50 percent of their earned pay at any point during a month.
Listen here:
Check out Hastee’s 2020 Workplace Wellbeing Study
Episode Highlights
03:20: The Workplace Wellbeing Study
06:45: Payment cycles and it’s impact on our productivity
13:19: Biggest challenges for James so far
16:12: The power of financial flexibility and discipline
23:20: The journey of an entrepreneur
29:23: James’s mission and mana
Also published on Medium.
