ATLANTA (GLOBE NEWSWIRE) — Steady, a platform solely focused on advising and advocating for workers seeking stable income in America, is launching its biggest initiative yet to all members known as Steady Together. The initiative is focused on providing new programs to address the massive challenges facing tens of millions of American workers as a result of the COVID-19 pandemic crisis that has had an overwhelmingly negative impact on the hourly and gig economies.
“Although Steady was founded on the singular mission of helping to improve the increasingly challenging lives of American workers, we could have never imagined the challenges that have been thrust upon millions of American workers in only a few short weeks,” said Steady Co-Founder and CEO Adam Roseman. “Our immediate response is to develop tangible relief and resources that give a growing base of Steady members a fighting chance to improve their financial lives in these trying times.”
Joining CEO Roseman is Shaquille O’Neal, NBA legend, businessman and Steady advisor, who is committed to getting the word out to as many of those impacted as possible. Concern for Steady Members who experienced median monthly income volatility of >30% even before the economic and health crisis began in March 2020, is quickly escalating and puts a large multitude of middle-income earners at risk of falling below the poverty line.
The four key components of Steady Together are:
- Steady high demand jobs – Most job listings on job boards will now remain unfilled and frozen for the foreseeable future. When members take the time to apply for a job they need accurate guidance on those jobs where there is a hiring need, even during the COVID-19 epidemic.
- Emergency cash grants to thousands of Steady members experiencing large income drops – Steady is partnering with The Workers Lab to distribute through The Workers Fund emergency cash grants of $100 to $1,000 to thousands of select Steady Members over the coming weeks who have experienced large drops in income due to COVID-19. Members must have linked their account to Steady’s free Income Tracker to have a chance to qualify.
- Medical support – This is crucial for gig workers: Beginning in May, all Steady members who have set up their Income Tracker in the Steady mobile app will have their telemedicine subscription paid for by Steady and accessible within the Steady mobile app for the member, their spouse and any children in the household up to 24 years of age.
- Rapid ACH cash deposit of completed Steady Income Boosters – It is more important than ever to receive cash as quickly as possible. Steady is now able to deposit cash into the Member’s account connected to the Steady income tracker as soon as it receives notice from an Income Booster partner that a Steady Member has completed their Steady Income Booster.
“Steady is committed to addressing the massive pain points that our members are facing in today’s unprecedented time of severe financial, health, and emotional trauma that millions of Americans are facing,” said Roseman.