In today’s fast-paced world, the weight of medical bills can lead to significant financial stress for individuals. This stress doesn’t stay confined to personal lives – it often spills over into the workplace, impacting employee productivity and overall well-being.
In fact, one in three full-time employees says that money worries have negatively impacted their productivity at work.
PwC’s 2023 Employee Financial Wellness Survey.
Not surprisingly, medical issues are currently the leading event for financial relief needs across Canary’s employer-sponsored employee relief fund programs. So, we took a deeper look at financial relief in the face of medical emergencies in our latest infographic. Take a look and download your copy today:
Last year, researchers at Financial Health Network wrote about how medical debt is hurting employees. We already know that employees are stressed about their finances and it’s distracting them at work — it has a concrete impact on employee happiness, productivity, and ultimately, retention.
Medical bills are the textbook definition of an unexpected emergency — arising suddenly and often involving substantial expenses beyond an individual’s control. Knowing this, we took a deeper look at requests across our employer-sponsored relief funds to understand the impact of emergency grants in the face of medical issues.
Canary believes that employee relief funds should be a ubiquitous part of the employee financial health package. We’re proud to work with innovative organizations at the forefront of the movement to take better care of their employees.
If you’d like to talk about partnering with Canary to provide your employees the fastest path to financial relief in uncertain times, we invite you to talk to our team and get started.
