SecureSave Archive | July 2024

Resource Center

The business case for emergency savings

For employers, the research is clear, offering your employees an emergency savings program can deliver a substantial economic benefit.  Use this calculator and follow the research to learn more about the potential impact for your organization, then contact our team to learn more.

Total employees*

Number of employees in your organization.

Annual turnover*

Your loss rate of talent in the workforce over the course of a year.

30%

1% 100%

Average salary*

Average yearly wages of your employees.

$70,000

$20,000 $300,000

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$40,220 annual benefit to employer

This is based on research surrounding financial stress and its impact on retention and productivity.

Retention improvement

Financially-stressed employees are 2.2 times more likely to seek employment elsewhere Source: Benefits Pro

+ $6,720

Reduction in distractions

Nearly half of workers who are distracted by financial concerns spend three hours or more each week thinking about or dealing with personal financial concerns. Source: WellRight

+ $17,500

Increased productivity

Cash strapped employees are also 5.8 times more likely to miss deadlines and 4.9 times more likely to produce lower quality work. Source: PWC

+ $16,000

Impact for your employees

Total contributions to emergency savings

This is the total contribution to emergency savings that participating employees would make. Based on typical Secure program design.

+ $47,160

Employee return on investment

Thanks to employer matching, employees get a return greater than if they saved in a traditional savings account.

12.3%

Blog Posts

Blog Post

Employer

From AI to the gig economy: Creating financial stability in a dynamic work environment](https://www.securesave.com/blog/from-ai-to-the-gig-economy-creating-financial-stability-in-a-dynamic-work-environment)

Blog Post

Employer

Building a compliant and effective workplace emergency savings plan](https://www.securesave.com/blog/building-a-compliant-and-effective-workplace-emergency-savings-plan)

Blog Post

Employee

Employer

The revolutionary impact of fintech on workplace emergency savings accounts](https://www.securesave.com/blog/the-revolutionary-impact-of-fintech-on-workplace-emergency-savings-accounts)

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