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 […]
Relief Fund Alternatives: Public Non-Profit or Contracted Vendor
When establishing a Disaster and Employee Hardship Relief Fund there are regulatory and administrative best practices which fund sponsors should follow. From time to time, a company may desire a program that would not comply with regulations, and so may choose a taxable alternative with fewer regulatory restrictions […]
Employee Donations for Emergency Funds Mean Stronger Employer Connections
Research shows that when a company gives employees a chance to donate to a worthy cause it increases their connection to the organization. The effect called pro-social motivation, which is the desire to protect and promote the well-being of others and is distinct from […]
International Relief Grants – Helping Employees Outside the U.S.
Grants to and donations from non-U.S. based employees are more complicated than those for U.S. based employees. This is primarily due to each country’s unique tax and privacy laws as well as the more difficult issue of making grants to individuals rather than the […]