The ongoing pandemic and 2022’s rising inflation continue to impact the financial well-being of American workers. US companies are also impacted, as threats of a recession and a tight labor market make it harder to attract, and retain, the right workforce. In this environment, workers are looking to their employers to support their financial well-being. […]
Partnering with Financial Solutions Lab to Improve Access to Benefits
We are humbled to announce that Sunny Day Fund has joined the Financial Solutions Lab’s 2022 Accelerator Program. The Financial Solutions Lab, an initiative by the Financial Health Network in partnership with JP Morgan Chase & Co. and Prudential Financial, is on a mission to “cultivate, support, and scale innovative ideas that help improve financial […]
Reflecting on Dr. Martin Luther King Jr.’s Dream of Economic Opportunity and Equality for All
Reflecting on Rev. Dr. Martin Luther King Jr. is a formidable task, and this blog is not intended to capture his undeniable greatness. But as I entered this long weekend reading the alarming news of surging COVID and rising inflation, and thinking about how and who that impacts, I realized that it also may be […]
Workforce Financial Well-being & Sunny Day Fund: 2021 in Review
As 2021 comes to a close, I can’t help but reflect on the past year and what we’ve accomplished. Though not without challenges or volatility (from the ongoing pandemic that’s impacted our own team to the Great Resignation), it’s been a rewarding year with significant wins for employee finances within Sunny Day Fund, the organizations […]
Why Employee Retention is Difficult to Fix with a 401(k) Match Alone
On the heels of COVID and amid the Great Resignation, frontline employee industries are looking to combat the traditionally high turnover model (for retail workers alone, the turnover rate is 81%). 401(k)s are never far from most employers’ lists of effective retention strategies. And with good reason. 401(k) matches and similar retirement savings benefits such […]
The Cause of the Great Resignation (& How You Can Better Retain Employees)
The pandemic has caused employees to reevaluate their work priorities — and turn in their two-week notice. Known as the “Great Resignation,” a record four million people quit their jobs in April 2021 alone. The desire for things like flexibility and new career paths contribute largely to this mass exodus. However, the issue goes even […]
