Industries with large work forces, such as retail, are particularly well-suited to employee disaster and hardship relief funds. These employers typically have a high proportion of employees with incomes or otherwise earning wages that make them vulnerable to the financial impact of unexpected disasters or hardships. Knowledge […]
Emergency Assistance Foundation, Inc. Blog -
Prepare for Hurricane Season with Employee Emergency Fund
Employers who face regular disasters such as hurricanes should consider what steps they can take to mitigate the impact on employees. The 2012 Atlantic hurricane season, for example, got off to an early start, as the Associated Press reported. Although these tropical storms and hurricanes mainly effect the […]
What to Know about your Immediate Response Program (IRP)
Preplanning. You hear this term often in life, but preplanning for your company and its employees is beneficial and can avoid chaos. Many disasters, such as hurricanes, can be identified before they strike. Others, such as tornadoes, earthquakes, or manmade disasters cannot. For those that can be anticipated […]
Why Objective Criteria for Funds is Critical
When setting up your companies Disaster Relief or Employee Hardship Funds, you may have done so as a response to a large natural disaster that affected many of your company’s employees. You think you are doing the right thing, which you are, but sometimes these funds when […]
How many donations does your Fund need prior to accepting applications?
You established your fund, but what is the proper amount of donations to have in your fund’s account before accepting applications for grants? Many factors come into play, but it is suggested to not necessarily have a specific amount, but enough financial coverage to handle three to […]
Trends in grant application and types of relief funds employees seek
As an employer, how do you even begin to customize your grant relief fund for your employees? Budgeting for this may be overwhelming as you don’t know what to expect. Some companies may think that that a family death is the leading cause of why someone may […]
Are you eligible for financial help?
When you are faced with a hardship, whether from a natural disaster, death in your family, or other personal crisis, how do you know if you are eligible for help? In this time of need, you have so many different things to worry about and your immediate needs […]