The Silent Struggle: Employee Financial Hardship Due to Loss of Income

How can employers help employees and their families navigate financial hardship due to loss of income?

All year we have heard the same storyline: employees are struggling financially and they’re looking to their employers to invest in meaningful resources to support their near-term financial health. Not only are these employees struggling with their day-to-day finances — 49% find it difficult to meet household expenses on time each month — but many … Read more

Forbes: The ‘Found Money’ Innovators: How Startups Are Unlocking Cash For Financial Resilience

The ‘Found Money’ Innovators: How Startups Are Unlocking Cash For Financial Resilience

This article, written by Vikas Raj, originally appeared in Forbes on October 3, 2023. The Financial Health Network recently released its annual Financial Health Pulse 2023 U.S. Trends Report, the most comprehensive view of the ongoing financial health of all Americans, and the results are alarming. The ranks of America’s financially vulnerable are rising dramatically, … Read more

From Nice-to-Do to Need-to-Do: Investing in Employee Financial Well-Being

A few weeks ago at a terrific event put on by Of Color, I had the good luck to hear Liz Davidson, CEO of Financial Finesse, answer this question,: Are companies obligated to provide financial coaching for employees? Financial Finesse has been providing employee financial well-being solutions in the workplace since 1999, well before most … Read more

Are medical issues affecting employee productivity?

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 … Read more

Bridging the Healthcare Gap: The Impact of Employee Relief Funds During Medical Emergencies

Employee Relief Funds become essential corporate resources during medical emergencies

Access to healthcare has long been a contentious issue in the United States. It leaves many individuals either vulnerable to financial hardship during medical emergencies or risking their health by avoiding the medical attention they need. The exorbitant costs of treatments, combined with the limitations of health insurance coverage, often lead to significant financial burdens … Read more

Reflections from D.C.: Why employers are key to a more financially secure America

Rachel Schneider, founder and CEO of Canary Benefits, Inc. reflects on conversations from the Aspen Institute's February meeting

A few weeks ago, I was delighted to attend an Aspen Institute Financial Security Program (Aspen FSP) event: Centering Financial Resilience in Workplace Benefits: Scaling Success For Everyone. It was terrific. The day kicked off with a conversation between two senators, one from each side of the aisle. Senator Cory Booker (D-NJ) and Senator Todd … Read more

Centering Employee Financial Health for More Equitable Workplaces

In 2023, supporting employee financial health is key to retaining happier, less stressed workers

Imagine a workplace where every employee, regardless of their background, is supported and empowered to succeed. The path companies are taking to get here is core to their identity and success. It is also always evolving. To get there, there is no shortage of advice and “top trends” to help guide Diversity, Equity, Inclusion, and … Read more

Axios Exclusive: Employee crisis fund startup Canary raises $2.9M

Canary fintech raises funding to support employee relief funds

This exclusive first ran in Axios on Thursday, January 12, 2023. It is written by Lucinda Shen, author of Axios Pro: Fintech Deals. Fintech Canary, which helps employers set up emergency relief funds for workers, raised $2.9 million in seed funding from investors including Capital One Ventures. Why it matters: Americans’ lack of emergency savings … Read more

Financial safety net: How employers can set up emergency relief funds for employees

Rachel Schneider in Benefits PRO on how employers can set up emergency relief funds for employees

Companies are making emergency funds easily available to workers regardless of the nature of the emergency, often helping them afford basic living expenses like housing, food, and utilities amidst their hard times. This article originally appeared in Benefits PRO on December 9, 2022. The world itself is chaotic – in addition to work being chaotic … Read more

Guest Post: Create a Culture of Giving by Donating Your Unused PTO to Coworkers in Need

PTO Exchange guest blog: Create a Culture of Giving by Donating Your Unused PTO to Coworkers in Need

This is a guest blog post written by our partners at PTO Exchange. During the holiday season, giving can come in many forms: volunteering your time, giving a monetary donation, or donating physical items. But there is another way you can give—donating your unused PTO to colleagues who have fallen on hard times. With PTO … Read more

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