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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