financial wellness

[HR.com] The $750 Solution: Why Helping Employees Through Financial Emergencies Reduces Turnover

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This blog was originally published on HR.com by Catherine Scagnelli, Canary’s Head of Marketing What if, instead of reactively spending three to four times an employee’s salary to replace them when they leave, employers spent $750 proactively to help them stay? Recent estimates show replacing a $75,000 employee can cost $225,000–$300,000 once recruiting, training, and lost productivity … Read more

[Business Insider] America’s hidden economic crisis (featuring Canary’s Rachel Schneider)

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From healthcare costs to layoff worries, the country’s under-the-radar problem is personal financial chaos, writes Emily Stewart in Business Insider. David Deal’s 2026 outlook is what he describes as a “whack-a-mole of worry.” While he’s 62 and presumably approaching retirement, 65 is “just a number” for him, not a milestone marker for throwing in the towel … Read more

Is Financial Wellness at Work Failing Employees?

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Insights from Total Rewards 2025 and the persistent gap between good intentions and real impact. 3 years ago, we witnessed financial wellness at work emerge as a focus at industry trade shows. It was finally getting its due as a key pillar of holistic employee well-being alongside physical, mental, and emotional health. It was a … Read more

Stopping Retail’s Revolving Door: An Overlooked Solution to Turnover

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In an industry where turnover rates regularly exceed 60% — 3x higher than that of other industries — retail employers face an ongoing struggle to build stable, engaged workforces. This statistic isn’t just a number — it represents a profound business challenge with real losses to the bottom line. At the recent LEAP HR Retail Conference, … Read more

[BenefitsPRO] Direct financial relief: Immediate help for employees when savings aren’t an option

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Read the Q+A with Canary founder and CEO Rachel Schneider and Lynn Cavanaugh of BenefitsPro

Corporate-sponsored relief funds offer an immediate lifeline, filling the gap for those employees facing financial crises right now, according to Canary CEO Rachel Schneider. This piece originally ran in Benefits Pro on October 24, 2024 and was written by Lynn Cavanaugh. Many Americans are drastically unprepared for a financial emergency. However, there’s a critical, often overlooked piece to this … Read more

HR Brew’s Starting Up: This founder is helping HR leaders bring generosity to the workplace

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This feature was written by Adam DeRose and originally appeared in HR Brew’s Starting Up series on September 5, 204. Rachel Schneider is a former researcher at the Financial Health Network and the Aspen Institute. She studied the financial lives of working Americans and coauthored a book on the topic: The Financial Diaries: How American Families Cope in … Read more

Workplace Disaster Relief Funds: A Financial Lifeline for Workers in the Path of Storms

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Employee disaster relief funds help workers recover financially from natural disasters

Millions of employees are staring down the impacts (physical, mental, and financial) of natural disasters that are often more powerful, frequent, and unpredictable. Just recently the southern United States has been particularly hard hit recently, with devastating tornadoes tearing through communities and catastrophic flooding wreaking havoc on homes and infrastructure. Possibly lost amid the news … Read more

Survey templates to help HR teams design meaningful workplace financial well-being solutions

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Survey workers to understand employees’ financial lives to design meaningful workplace solutions

Measure the Financial Well-Being of Your Workforce The world of work is constantly changing, but one thing is sure: employees want more financial support from their employer. Most HR leaders are focused on finding new, innovative ways to support employee financial well-being in 2024. HR teams are strapped for time and resources while their employees … Read more

An HR Balancing Act: Relieving Employee Financial Stress for Improved Mental Health

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For two decades, SAMHSA has designated May as Mental Health Awareness Month to underscore mental health’s significance in our overall well-being. While conversations about the correlation between financial strain and mental wellness are prevalent, they tend to emphasize individual responsibility. But amid the most stressful financial events  — unexpected hardships — many people cannot fully … Read more

Workplace Wellness Programs: Employer Solutions to Help Employees Navigate Financial Emergencies

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the modern workforce requires companies to take a portfolio approach to employee financial wellness programs

This blog was co-written by Canary’s Catherine Scagnelli and Rachel Schneider. We all experience the unexpected. This week, for one person, it may be a broken dishwasher. For someone else, it may be a car repair, a leaking roof, or a trip to the ER. We simply cannot know in advance about every financial disruption … Read more

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