Workforce

KFC workers to get access to personal finance help

The KFC Foundation is making its MyChange personal finance program available to the chain’s employees.

The KFC Foundation, a nonprofit organization funded by KFC franchisees, on Wednesday said it would make its personal finance program available to employees at the chain’s U.S. restaurants.

MyChange, a program operated along with the mobile financial service Sum180, provides personalized financial help and personal finance skills to employees who enroll in the program.

The program provides budgeting tools and tips, personalized budget plans, videos and instructions, notifications to encourage accountability, access to financial advisers and an online community.

“We’re excited to provide the people we serve with tools to take charge of their financial trajectory,” Krista Snider, managing director of the KFC Foundation, said in a statement.

The KFC Foundation has awarded $17 million to more than 4,500 students and KFC restaurant employees to help them get an education or assist them in crisis situations.

The personal finance help comes as more systems are increasing the amount of assistance and benefits to their employees. McDonald’s recently said it would increase education benefits to all its workers, for instance, while Starbucks said it would increase workers’ pay and benefits.  

Funds for the foundation come from a voluntary program known as the Cole Slaw Donation Program, in which KFC franchisees opt to have a portion of their coleslaw sales donated to the foundation.

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