Given the high turnover rates and the financial stressors that employees often face, Pension-Linked Emergency Savings Accounts (PLESAs) present a progressive solution to enhance financial resilience and, by extension, workplace productivity. As a senior leader in Human Resources, you are not just managing employees; you are stewarding the financial resilience of a workforce that often […]
The Importance of Emergency Savings for Employees
Emergency savings are critical for employee financial stability, and the demand for employer-assisted savings accounts is on the rise. Understanding the benefits of emergency funds can aid in withstanding unexpected expenses, and initiatives like employer contributions to savings accounts can significantly boost an employee’s safety net. This article explores the profound impact of emergency savings […]
5 Big Takeaways from Workplace Emergency Savings in 2023
Happy New Year! Hope your holidays were filled with joy. My wife and I enjoyed our first Christmas with our 2-month-old daughter, who has recently begun smiling with the cutest dimple. Nothing quite like those rewards – and as you know at Sunny Day Fund, we love rewards! In this post and letter, we will […]
Why Labor’s Evolution is Good for Us All
In the midst of all things AI, I find myself reflecting on another transformation that seems to be getting shortchanged – a new type of labor movement. And so, with Labor Day around the corner, I am borrowing Sunny Day Fund’s blog today to share my reflections on those trends. We still need workers, especially […]
What simplified emergency savings look like: badcredit.org article
I sat down with Jon and Andrew at badcredit.org recently to talk about why working Americans want help saving for emergencies. I became passionate about this journey because it’s partly my own. You probably have seen the new data around lack of emergency savings, rising loans and withdrawals against retirement savings, and growing demand for […]
Bridge the DEI gap in your employee benefits with financial inclusion
On average, white families have eight times the wealth of Black families and five times the wealth of Hispanic families. For companies prioritizing DEI as a core value to their organization, addressing this wealth gap is the first step towards advancing racial equity. Companies play a major role in advancing financial inclusion and increasing the […]