Training Program Aims to Help Struggling Women Find Paths to Success
WGN Radio
December 13, 2010
Heartland Alliance works with employers to offer financial literacy classes to women at their workplaces.
From WGN Radio:
Gloria Guzman is one motivated worker.
After completing the “school at work” program offered by her employer, St. Anthony Hospital, Guzman was given a 10 percent raise and more responsibility this year. She was promoted to supervisor of the transportation department, where she manages seven employees, handles payroll and helps out with special reports.
“I like the fact they trusted me with the position,” Guzman said. “I hope to move up to manager and maybe director.”
Guzman’s ambition is shared by the Chicago-based Eleanor Foundation, which funded the program at St. Anthony because it realizes that women often get stuck in modest-paying jobs.
With little discretionary income, many women can’t afford additional education on their own that might accelerate their careers, said Rosanna Marquez, president of the Eleanor Foundation, which supports educational initiatives that help lower-income working women.
With less likelihood of being promoted, working women are at greater financial risk. Yet most fly under the radar because they don’t meet federal poverty guidelines and, therefore, don’t qualify for government assistance, Marquez said. That’s one reason the Eleanor Foundation decided to fund initiatives aimed at putting women on a path to better-paying jobs.
“Many working women are barely making do,” Marquez said. “They’ve been just scraping by. But they don’t draw attention to themselves because they are too busy trying to feed and house their kids.”
The Foundation invests about $1 million a year in skills-based programs designed to lead women to jobs paying $40,000 or more annually, Marquez said. That’s considered the minimum needed to provide food on the table and a roof over their families’ heads, though it doesn’t leave much for anything else.
In the Chicago area, a disproportionate number of women-led households are considered “housing-burdened,” with 30 percent to 50 percent of their income spent on housing, or “housing distressed,” with more than 50 percent of their income going to pay the rent or mortgage, according to the Eleanor Foundation-UIC report.
Three out of four women-led households in Chicago were housing-burdened in 2008, up from 60 percent in 2000, the report said. During the same period, the percentage of women-led housing-distressed households rose to 57 percent from 46 percent in 2000.
“These are women who are working, playing by the rules and still not making a lot of gains,” said Joe Antolin, executive director, of Heartland Human Care Services, which launched an initiative to help women improve their financial security.
The problem of modest wages and no clear path to upward mobility affects not just the women but also their children, who are considered at risk, Antolin said.
“At the end of the day, we have to think about the kids in these families. We need them to be well-enough educated so that they can lead self-sufficient lives,” he said.
Heartland works with employers to offer financial literacy classes to women at their workplaces, teaching them how to manage their finances. To encourage women in its programs to save some portion of their paycheck, Heartland double-matches the savings up to $400. About 90 employers offer Heartland’s program to workers.
“They see this as added value because it reduces turnover,” Antolin said. “Workers are less stressed and more productive.”