Rhino Foods, a Vermont-based ice cream manufacturer, launched an Income Advance Program in collaboration with a local credit union. The program helps employees manage financial emergencies by getting them the money they need immediately and enabling them to pay off their loans in small, weekly payroll deductions—all while building credit. Within three years of rolling out the program, Rhino Foods’ retention rate jumped from 61% to 85%, where it has remained steady.
Rhino Foods
