With the cost of insurance increasing and the number of natural disasters on the rise, employees are often just one step away from financial disaster. Not everyone would be able to bounce back financially from a serious accident or illness, and a natural disaster could deplete someone’s entire life savings. Employees who understand the value of contributing to an emergency relief fund that is partially matched by their employer are more likely to seek out employment at firms who offer them, than to stay at ones who do not.
There is much discussion these days about workplace loyalty, both on the part of employees and employers. Part of what makes a good employee loyal to the company they work for is a sense that they matter, even when the company employees thousands of people. Employee incentives are one way to attract and keep high-quality employees, but they do not always have to revolve around bonus pay or more time off.
Providing employees with a safety net to fall back on in the case of an emergency is an excellent advantage for new workers. Additionally, the more an employee contributes, the more invested in the program, and the company, he or she will be. Explaining this program up front can go a long way towards creating a robust disaster and hardship relief fund.
Good employees want to work for good companies, and good companies take care of their employees. This means treating them like individuals, not just numbers on a payroll. Employees notice and appreciate efforts by the organization to recognize them as individuals rather than cogs in a greater machine. An emergency employee relief fund is one way for a company to make employees feel valued, and to appeal workers who want to work for that type of organization.