Many employers can’t find the qualified candidates they need for roles and employees are likely to leave their positions with shorter tenures than ever before. Employees leave for opportunities at other companies while employers struggle to attract the right candidates. A employer-sponsored emergency savings account (ESA) can help solve both of these problems — improving recruitment and retention by offering a benefit everyone needs.
60% of surveyed employees said they’d be more likely to stay at a job if their employer offered financial wellness benefits like an employer-sponsored Emergency Savings Account (ESA).
Source: Financial Health Network (2018)
Over half of employees think employers have a responsibility to help employees with financial wellness.
Source: TIAA (2022)
Improving employee financial wellness through an employer-sponsored ESA reduces financial stress, which increases productivity and reduces absenteeism, saving employers money.
Source: John Hancock( 2022)
84% of employers now say offering financial wellness helps increase employee retention (and 91% say it supports overall employee wellbeing
Source: Bank of America (2022)
DemandZEN is a lead generation services company focused on account-based appointment setting for companies in the B2B Technology space.
With a tight hiring market, DemandZEN's CEO needed a solution to attract new employees and retain his experienced staff beyond existing benefits.
SecureSave encourages employees to save through an easy-to-use employer-sponsored emergency savings program. Employers can provide sign-up bonuses, savings matches, and milestone rewards for their employees to spur good savings habits.
See the impact of your custom SecureSave program with our ROI calculator