Emergency savings accounts are an emerging solution in developing employee financial support mechanisms. While traditional employee relief grants provide immediate aid in unforeseen personal hardship, they may not fully address employees’ long-term financial needs and stresses. Emergency savings accounts, in contrast, offer a sustainable approach that allows employees to build and manage their own financial safety net.
Blog
Workforce Financial Well-being 2022: How Businesses Can Compete with Financial Benefits
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. […]
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 trend. The context is important, especially as Financial Literacy Month winds to a close. Over the past decade, we’ve seen a flourish of employee benefits take root. A competitive labor market combined with integrations with payroll and other […]
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.