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Employee Assistance Fund

CONTENT: Article
No matter the scale or severity of a crisis or disaster, employee financial stress hurts companies and their employees. An Employee Assistance Fund (EAF), also known as a host of other names
(e.g. Employee Relief Fund, Emergency Relief Fund, Employee Support Fund, Employee Crisis Fund, Employee Hardship Fund, Employee Emergency Fund, and Employee grants) allows your company to help employees overcome unexpected financial hardships and demonstrate your commitment to responsible corporate citizenship.
There are different ways to administer an EAF. The best method for you will ultimately depend on factors such as the size of your company, how you will fund the EAF, and the complexity of your program. ....

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Employee Financial Wellness: How to Use an Employee Assistan

CONTENT: Blog
Socially minded employers have offered a range of corporate social responsibility (CSR) programs to engage their employees in workplace giving and volunteering for decades, traditionally focusing their corporate purpose programs outward to help the communities in which they live and work.
Many were caught off guard in the wake of COVID-19 though. In an instant, the workplace changed and businesses faced unprecedented challenges, not the least of which was the plight of their own workforce. It quickly became apparent that employees needed help.
The solution employers across the U.S. and abroad turned to: Employee Assistance Funds (EAFs), also known as an Employee Relief Fund, Employee Crisis Fund, and a host of other names. ....

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