Employer Strategies

Financial Wellness

Financial Wellness

Instill sick pay, adopt an automatic savings program with incentives, offer hardship grants to help workers through hard times. These are just some of the ways that area employers are getting creative as they tackle workforce issues such as absenteeism and dips in productivity. Explore the case studies below to see how area companies are tackling these and other issues to address the financial concerns of their workforce and company.

Strategy: Establish emergency assistance fund.
How employers can help:
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One person’s car stopped running and the only way she could work was to get a new car. She proved hardship through the SHARE program and got some money to put down on the car.
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We created our own foundation. It benefits our organization because it is a tax benefit, but at the same time it allows our employees to apply for a grant when they’re having a hardship.
Strategy: Bolster employees financial health.
How employers can help:
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America Saves operates a service for businesses called Split to Save, in which employers offer a simple online program to their employees that encourages them to save automatically through direct deposit.
We wanted to help our own employees in case of disaster and hardship. We created our own foundation it benefits our org because it’s a tax benefit but at the same time it allows for our employees to apply for a grant when they’re having a hardship. A lot of companies make contributions to other organizations and this is something that we can do that positively impacts our own employees. – Human Resources Professional
Financial Wellness
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