The most common type of emergency assistance offered is an employee relief or compassion fund, followed by part-time donations or leave-sharing. (Photo; Shutterstock)
Employers are becoming much more proactive in helping their workers achieve financial well-being, according to the Employee Benefit Research Institute Issue Brief, 2019 Employer Approaches to Financial Wellbeing Solutions.
While helping workers save for retirement continues to be the most important (40 percent) topic within financial wellness initiatives, additional financial topics are also becoming more popular, EBRI's survey found. The research organization polled employers with 500 or more workers, screened to include respondents who express at least some interest in offering financial wellness initiatives.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
