Ernesto Boada, former Senior Vice President and Interim Chief Information Officer at Workday and former Chief Technology Officer at Western Union, joins workplace savings startup Sunny Day Fund as its Co-Founder & Chief Technology Officer. “After working in the technology sector for over 25 years with major companies like Workday, Visa, Intuit, and Western Union, […]
Five ideas to encourage better savings, thanks to behavioral economics
In this three-part blog series, we delve into the role of behavioral science in influencing savings behavior. Last time, we presented potential barriers to saving for especially lower-income Americans. In this blog, we cover different strategies to boost savings habits and outcomes. Here are the five strategies we present in this post: Make sure to […]
Barriers to Better Saving Outcomes for Working Americans
We recently brought together industry experts and researchers to discuss what may be preventing working Americans from saving better today. In this blogpost, we share what we learned. The webinar, entitled How Behavioral Science Enables Better Savings Habits, included: This topic is important because many Americans are facing financial challenges and living paycheck-to-paycheck. Credit card […]
How behavioral science enables better savings habits
Though many American workers want to save, they’re finding it hard to follow through and it’s impacting their financial well-being. Employers want to help because they understand how financial stress is impacting their business outcomes and how emergency savings can help. Employers and employees alike are looking for innovative solutions that meet long-term goals like […]
What to ask in a workplace emergency savings program RFP
Workplace emergency savings accounts (or ESAs as they’re starting to be known) have rapidly become the top requested financial benefit for most working Americans. It’s easy to understand why when 53% of Americans don’t have any emergency funds according to CNBC Your Money Financial Confidence Survey and nearly 40% would struggle to handle a $400 […]
How to implement an emergency savings program: tips from a total rewards leader
We recently spoke with Erica Hayton, the Total Rewards leader at the Cystic Fibrosis Foundation, to learn why and how they added workplace emergency savings – a new and frequently requested financial benefit. Hayton shared her team’s experience with benefit strategy evaluation, provider selection, plan design, technical implementation, marketing and communication, and post-implementation measurement. Below, […]
