Claire Chamberlain’s Post

Remember, when we talk about creating safety for our teams as part of a #traumainformed workplace culture, it also includes Financial Safety. "Emergencies are not rare, but most American families can’t financially cope with them. Four in ten Americans can’t cover an unexpected $400 expense without borrowing or selling assets, nor cover a larger expense ($2,000) by any means. " When we are faced with major financial challenges, or even honestly smaller ones on a frequent basis- it can be distracting and destabilizing and the impacts show up at work. Check out this great article on how to help build emergency savings in your organizations. #traumainformedworkplaces #financialsafety #hrcommunity

Systems change in action. Q: How do you help workers better able to cope with emergencies? A: Turn emergency savings from a worker's problem to a workplace opportunity. This new HBR.org piece with Timothy Flacke of Commonwealth describes how a partnership between BlackRock and Commonwealth forged a coalition of firms including Best Buy, UPS, ADP, Mastercard, Truist and Voya Financial to make emergency savings available to workers across the country. So far, the Emergency Savings Initiative (ESI) has supported $2 billion in savings. Two lessons: Systems change is possible--and corporations can play a major role. Policy and execution are important, but so is plumbing. #systemschange #emergencysavings #FinancialSecurity #EmployeeWellness #WealthBuilding

We are thrilled to partner with Portage Bank to power workplace emergency savings through people-first employers. 🎉 Together, we're creating a seamless, rewarding way for employees to save for emergencies and more directly from their paychecks - the first and foundational step to achieve #financialresilience. 💪 🎯The mission-driven team at Portage shares our passion for removing barriers to economic security and enabling financial freedom. And we invite employers who have the same vision to join us: let's build a better financial future for all! Read about our new #partnership and how you can benefit from it. (Link in the comments under our pic of Sid Pailla ☀️, Kristy Ybarra and Matthew Moran - what a dream team!) #EmergencySavingsAccounts #ESA

Employees' financial health impacts their overall lives, including their ability to be focused and productive at work. Employers can support workers' financial wellness by offering financial literacy resources or budgeting tools that help individuals manage their finances better. What innovative approaches to financial wellness have you tried? #FinancialWellness #FinancialLiteracy #EmployeeBenefits https://lnkd.in/giQk9dQE

We are thrilled to share that our survey has received an overwhelming response, with over 350+ participants already on board! 📝🎉 Considering high demand and the ongoing vacation season and former football tournaments, we have extended the survey deadline to July 31st. Join us in delving into the realm of global benefits modernization. 🌐✨ Challenges like budgeting, governance, technology, and communications often arise when implementing a global benefits modernization strategy. Identifying effective financial vehicles for benefits delivery on a global/local scale is key. Your insights are incredibly valuable to us, and we would greatly appreciate your participation in our survey. 📊🤝 Click here🟰 https://lnkd.in/eh6P4hz3. “Global Benefits Modernization Strategies 2024: Insights from Global Headquarters” A Global Benefits Modernization Strategy acts as a roadmap for multinational employers, helping them overcome these challenges successfully. By adopting this strategy, organizations can achieve global consistency, streamline implementation, optimize investments, and mitigate legal risks linked to benefits disruption in diverse markets. #GlobalBenefits, #headquartersInsights Mercer, Marsh, Marsh McLennan

Employees' financial health impacts their overall lives, including their ability to be focused and productive at work. Employers can support workers' financial wellness by offering financial literacy resources or budgeting tools that help individuals manage their finances better. What innovative approaches to financial wellness have you tried? #FinancialWellness #FinancialLiteracy #EmployeeBenefits https://lnkd.in/gfWcqhdf

Employees' financial health impacts their overall lives, including their ability to be focused and productive at work. Employers can support workers' financial wellness by offering financial literacy resources or budgeting tools that help individuals manage their finances better. What innovative approaches to financial wellness have you tried? #FinancialWellness #FinancialLiteracy #EmployeeBenefits https://lnkd.in/gshUKCee

Financial concerns can distract employees and affect their performance. A recent study by PwC shows that 74% of employees seek financial guidance, yet the U.S. Chamber of Commerce shows only 24% of employers meet this need. Learn how to provide valuable resources, including live webinars, online tools, and personalized advice, to address their financial needs. #FinancialBenefits #FinancialWellness #FinancialEducation #EmployeeEngagement https://lnkd.in/ej8RW6Jb

Our Director of Research and Innovation, Jo Phillips, spoke at Fair4All Finance’s inspiring conference on financial inclusion earlier this week. Alongside other experts and chaired by Sara Weller, she discussed how the new government can accelerate progress towards financial inclusion, helping people build short and long term resilience. There was broad agreement about the importance of behavioural support, including opt-out approaches, to remove barriers in the system – with a recognition that education and engagement alone, while a part of the picture, cannot overcome all these barriers. Nest Insight’s major trials with employers into workplace savings shows how an opt-out approach is not only effective in dramatically increasing the numbers of people saving, but also inclusive for people with low financial confidence and those working part-time.    As the Chancellor set out economic growth this week as her top priority, it’s clear that building household financial resilience is an essential foundation for both the wellbeing of individuals, and also for national economic growth. We’re looking forward to working with the new government as they develop their thinking on financial inclusion.   Thank you to Fair4All Finance and everyone who attended, for a thoughtful and galvanising day. We’re delighted, along with Fair4All Finance, to be continuing our work on financial health supported by JPMorganChase as part of their £16m commitment to improving financial futures of UK households. The firm’s broader five-year £40m commitment to supporting communities across the UK has the potential to drive real impact. Read our new research on the potential of opt-out savings for financial inclusion https://lnkd.in/eVpNY3WT #financialinclusion #savings

More grim stats today about the state of our workers' finances, released by Fox 32 Chicago: https://lnkd.in/e6f7buuB There's no wonder employees are stressed and are not their best selves at work. Employers, you can help employees by giving your financial wellness program a simple boost: ✅ Offer an Emergency Savings Program and incentivize them to get started ✅ Make it super easy for them to onboard ✅ Make sure the program makes saving money fun! We've got you covered: www.qubersavings.com #EmergencySavings #FinancialWellness #EmployeeBenefits #EmployeeWellness #HRCommunity #HRInnovation