SecureSave Archive | May 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

Want to learn more?

Talk to our team to understand the business case for your company.

$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

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Measuring financial health: The impact of emergency savings programs on employee satisfaction](https://www.securesave.com/blog/measuring-financial-health-the-impact-of-emergency-savings-programs-on-employee-satisfaction)

Blog Post

Why financial wellness is the key to boosting company loyalty and employee productivity](https://www.securesave.com/blog/why-financial-wellness-is-the-key-to-boosting-company-loyalty-and-employee-productivity)

Blog Post

Unlocking financial wellness: How behavioral finance can transform your company's savings plan](https://www.securesave.com/blog/unlocking-financial-wellness-how-behavioral-finance-can-transform-your-companys-savings-plan)

Blog Post

How to provide financial wellness solutions for part-time or temporary workers](https://www.securesave.com/blog/how-to-provide-financial-wellness-solutions-for-part-time-or-temporary-workers)