Having a well-funded emergency savings account for unanticipated expenses, plus having other savings for short and mid-term purchase needs is a fundamental step of financial wellness.
Studies show that financial stress affects work performance and our relationships, both professional and personal.
92% of Americans correlate their level of happiness to having their finances in order. Source
It makes good business sense to help your employees save money. American businesses lose $500 billion annually due to personal financial strains. This figure accounts for 13-18% of total payroll costs being lost to absences, lost productivity, and turnover as the result of financial stress. SourceFor Employers
The convenience of systematic payroll deduction means your savings goals get prioritized. Some employers offer to match a portion of your savings, helping you accumulate an emergency fund and reach your savings goals even faster.For Employees
MatchSavings is a simple and effective way to build a more financially stable workforce and improve your company’s bottom line. Book a 45-minute demo with our team to see how MatchSavings can add value to your workforce.