Enhance recruiting and retention efforts

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.

What's happening here?

Employers aren’t offering innovative benefits to recruit and retain employees

Employees are leaving their jobs

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)

Employees think employers should help with financial wellness

Over half of employees think employers have a responsibility to help employees with financial wellness.

Source: TIAA (2022)

ESAs reduce financial stress

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)

Employers know they need financial wellness to increase retention

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)

Customer story

DemandZEN is a lead generation services company focused on account-based appointment setting for companies in the B2B Technology space.

Lead gen company improves retention with emergency savings solution

With a tight hiring market, DemandZEN's CEO needed a solution to attract new employees and retain his experienced staff beyond existing benefits.

  • Achieved high adoption rate (most rapidly adopted benefit in company history)
  • Chose SecureSave to relieve day-to-day employee stress and improve financial wellness
How SecureSave helps

Increase your recruitment and retention efforts with an employer-sponsored emergency savings solution.

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.

  • Employer incentives (matches, bonuses)
  • Ability to withdraw funds at any time
  • Funds are FDIC-insured
  • No ERISA restrictions

Recruit great employees and retain existing employees with a SecureSave program like this

Example SecureSave Program

Biweekly paycheck match
$5
Signup bonus
$25
Milestone bonuses
$10
Per $500 saved

See the impact of your custom SecureSave program with our ROI calculator

More use cases

Make your limited benefits budget count

Not all companies have the budget to provide extensive benefits to their employees. Certain benefits are required or expected like health insurance or retirement plans.

Improve employee financial wellness

Finding the right financial wellness solution is no easy task. Each employee has unique needs. Financial stress can lead to a reduction in work performance and higher turnover.

Reduce 401(k) loans & withdrawals

When employees hit a rough patch, they often turn to their 401(k) to assist with an emergency. This undermines their ability to retire on time.

Keep your employees happy and improve your benefits offering by offering an emergency savings solution