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 […]
Blog
Leveraging Behavioral Economics for Employee Benefit Plan Strategies
In today’s competitive business landscape, employee satisfaction and retention are more than just HR buzzwords—they are essential to a successful company. Business goals often hinge on the happiness and productivity of the workforce. That’s where effective employee benefit plan strategies come into play. By integrating the nuanced insights of behavioral economics into your employee benefits […]
SECURE Act 2.0: A Blueprint for Enhanced Employee Benefits Packages
In an evolving corporate landscape, employee benefits packages have taken center stage in pursuing financial resilience, productivity, and retention within the workforce. The narrative has changed with the introduction of the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0, expanding pathways for retirement savings and setting a new precedent for financial wellness initiatives. […]
The Impact of Employee Financial Wellness on Workplace Productivity in Hospitality
Exceptional customer service is the hallmark of success in the hospitality industry. Behind every memorable guest experience stands a team of dedicated employees whose personal well-being directly impacts their professional performance. One of the less visible but critical aspects of employee well-being is financial health. Financial worries can distract and disengage even the most committed […]
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 […]
Building the Benefit Matrix of Financial Wellness in the Workplace
In the ever-evolving landscape of employee well-being, the intersection of financial health and workplace dynamics has taken center stage. Matt Bahl from the Financial Health Network, Rachel Schneider representing Canary, and Ernesto Boada of the Sunny Day Fund share their collective wisdom to sheds light on the critical importance of addressing financial well-being within the […]