Emergency Savings Funds: Foundations for Workplace Wellness
November 7, 2024
Learn why emergency savings funds are critical in today’s world and discover how employers are implementing programs to improve financial wellness.
EarnUp@Work
The only solution that automates flexible debt payoff and savings, eliminates financial duress, and improves overall health and wellness.
Your member’s debt is likely at an all-time high, forcing them to take hardship withdrawals from their 401(k) and delaying retirement.
Education programs are not the answer.
Put mortgage, auto, student, and personal loan payments on autopilot.
Split large, single payments into 2, 3, 4, or 5 automated debits.
Live 1:1 payoff planning sessions with a debt specialist to build an automated credit card payoff plan.
Concierge service identifies opportunities to save on utility bills. Recapture money wasted on unwanted or unused monthly subscriptions.
Rounding up everyday transactions to the nearest whole dollar or a predefined amount. Money can be directed toward debt paydown, or financial goals.
Paydown loans faster and save money in interest fees.
Financial wellness programs can assist members in preparing for retirement, ensuring they have the financial security and resources needed to enjoy their retirement years.
Including financial wellness benefits in CBA's can be a valuable bargaining chip for unions. Employers may be more inclined to agree to other demands or concessions when unions offer comprehensive benefits that address the broader well-being of their members.
Negotiate to add the benefit prior to the next CBA negotiation
Unions that negotiate financial wellness benefits may attract new members and maintain a competitive edge in recruiting and retaining workers in other industries.
Your members are suffering in silence. 8 out of 10 people live paycheck to paycheck. This is not age or tenure specific.
Learn why emergency savings funds are critical in today’s world and discover how employers are implementing programs to improve financial wellness.
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