The Employ Advantage: How Digital Banking Solutions Foster Financial Wellbeing in the Workplace
As the great resignation continues to upend even the best-laid staffing plans, proactive business leaders are investing in solutions that help retain top talent.
According to a recent survey by bankrate.com, 77% of employees feel anxious about their financial situation. And 72% reported in a PwC survey that they would be “attracted to another company that cares more about their financial wellbeing.” Yikes.
But there is good news: Company financial wellness programs can help keep anxious, talented employees in the fold. In fact, 60% of Americans who have quit their job told The Financial Health Network they would stay with firms that offer these programs.
With 87% of employees telling PwC they want help from their employer mapping personal finances, savvy leaders are looking for an opportunity to meet the need. With a financial brand concept like Employ, organizations can launch a digital banking solution that helps build employee wealth while fostering loyalty and improving retention.
Employees Bank, Save and Learn with Employ
A solid foundation of reliable basics like banking and debit cards is just the start. Users can create personalized financial goals that chart their path toward financial wellness — on-demand, with no minimum balance and no monthly fees.
Features like cash back, spare change round-ups, and auto deposits can help teammates achieve their goals faster, helping them visualize the benefits of their hard work. Niche financial brands like Employ can add features and mental health resources to support holistic wellness.
Employers Integrate, Grow, and Profit with Employ
Beyond retention, employers can enjoy impactful features such as integrated payroll for employees and contractors. The straightforward interface makes Employ a joy for employees, and integrated marketing means more people will jump on board.
Launching a niche financial brand tailored to your employees can lead to revenue opportunities and growth. An insightful partner can provide the strong tools, people, and processes to help you launch an in-house digital banking experience at lightning speed without a single new hire.
Don’t let your greatest asset continue to erode. Instead, retain your top talent with a financial solution that lets them know you have their back.