It is unquestionably the right moment for human resources and benefits teams to explore supporting the holistic well-being of their employees. According to Human Resources Director, “nearly a quarter of employees don’t think their employers care about their wellbeing, and it’s driving them to find a new job.” A cornerstone of this work must be addressing employee financial well-being. It’s clear that employees are struggling financially and it’s affecting them beyond their paycheck — financial stress takes a toll physically, mentally, and emotionally — impacting how they are able to show up in all parts of their life, work included. Companies must start considering what they are doing to alleviate workers’ day-to-day financial stressors.
Recently, Canary Founder & CEO joined Ellen Stark, the Financial Enterprise Editor at Foundry360, for a lively conversation about the financial challenges employees face and how companies can respond quickly to get them back on track. Spoiler alert: workers face near-term financial issues that threaten their ability to afford basics necessities, like food, housing, and utilities. There are a lot of valuable, innovative options to address employee financial well-being but in the midst of economic uncertainty, it’s become increasingly important to provide immediate help when times get tough.
That’s where Canary comes in. Grant Circle, our employee relief fund solution, helps companies of any size offer employees equitable, anonymous access to emergency cash when an expected emergency makes it difficult for an individual or family to afford basic living expenses.
Listen in as Rachel and Ellen explore strategies to empower HR teams to make an immediate, meaningful impact on employee financial well-being.
Download our latest Impact Report to learn how Canary’s employee relief fund helps the 49% of employees who find it difficult to meet household expenses on time each month.
To learn more about supporting your employees through financial hardships, reach out to our team today.
