Nearly half of all employers plan to offer workplace emergency savings programs by next year: learn why with Sunny Day Fund®
Why Emergency Savings as a Benefit?
Higher Retention
Savers within a 700-person employer had 33% less turnover relative to overall turnover from Jan – Sep 2023 (p<0.05). Based on Sunny Day Fund Customer Analysis.
Fewer Loans & Withdrawals
CFPB found 59% of people withdrew early from their retirement savings when they had no emergency savings, compared to 9% who had saved for at least one month.
More Resilient & Healthy
People scored 10 points higher in their CFPB Financial Well-being Scores and reported lower stress when they saved for at least $1,000 versus having no savings.
Emergency Savings Account Powered by Behavioral Economics
For Employers
Improve financial well-being, lower stress, and achieve financial inclusion & health equity with emergency savings.
For Employees
Save for rain or shine, withdraw when needed, earn employer-sponsored cash rewards, and achieve your financial goals.
Workplace Emergency Savings + Benefits Blog
- How Goodwill Industries of East Texas, Inc. Achieved Employee Financial Wellness
Learn how Goodwill Industries of East Texas uplifted their team’s financial well-being and happiness with Sunny Day Fund’s easy savings program, proving that smart employee benefits lead to a strong, satisfied workforce. - The Impact of Partnerships in Promoting Employee Financial Wellness
Partnerships between employers and financial wellness providers create a supportive work environment where employees can confidently manage their financial situation. - Why Pushing Beyond Financial Wellness to Well-being Matters
The latest push on financial wellness has many advisers and employers alike doubting if it’s just another […] - Breaking the Paycheck to Paycheck Cycle
With costs on the rise and wages not keeping up, it’s more challenging than ever for people to stay afloat, let alone save money. However, there are solutions. - Why Christmas Clubs Went Away and How They’re Making a Comeback
Christmas Clubs, once a popular way for employees to save for the holidays, declined due to legal complexities. Now, emergency savings platforms are reviving them, allowing workers to save conveniently and safely through payroll deductions. - Incentivizing Employees with Savings-Based Performance Rewards in QSRs
Integrating emergency savings accounts into employee incentive programs represents a powerful strategy for QSR businesses aiming to boost employee morale, performance, and retention.
