Tag: Employee money savings

  • Why Having Financially Healthy Employees is as Important as Medically Healthy Staff

    “Only about 30 percent of your employees are doing well. The rest need help.”

    Imagine hiring the brightest doctor in the nation to come and assess your employees. After surveying each one, doing a complete examination, and running a series of tests, he comes to you with the news that 70 percent are unwell. How would you respond? Would you get the care and attention to make the company a more healthy workplace? Of course, you would!

    Unfortunately, this statistic isn’t imagined, but it may not be a problem for physicians to solve. According to a recent article, these numbers reflect the financial health of most Americans. Financial wellness is often overlooked but plays a critical role in the health of any organization. Not buying it? According to data from SUM180, an online financial planning service, 29 percent of employees admit to missing work to deal with stress caused by their own finances. That has a huge impact on your bottom line.

    Employers often think their industry is the exception to the rule despite data proving otherwise. In the article cited above, a survey by research provider Raddon found that 44 percent of responders said they were “very” or “extremely” literate, but when given a financial quiz, only six percent scored an “A.” And to open your eyes on how bad off employees are, a late March report showed 45.4 percent of consumers had $2,500 or less in savings, while 15.6 percent had no savings at all.

    But there is hope, and it’s easier than ever to help your staff. ATMatWork can match your company with a local bank or credit union that will offer a surcharge-free ATM in the workplace for your staff and bring solutions directly to your doorstep. Having a surcharge-free ATMs in your break room will immediately save your employees money. To see more data and the results your company could obtain, download our case study.

    Having a bank or credit union branded ATM in the workplace not only provides staff with savings, but they will consistently educate your employees. Partnering with ATMatWork means you have immediate access to financial pros for questions that can reduce the financial stress of employees. Many offer programs and discounts for the needs of employees that will bring the overall financial wellness of your company to a healthy level. From savings to mortgages, your company will have a financially healthy team working on your behalf.

    To learn more, call at 866.440.4700 or email us at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer.

  • How to Help your Employees Reach their Savings Goals

    Employers are always looking at ways to attract and retain the best employees. Helping employees reach their financial goals is one such way. And, it doesn’t have to be an expensive endeavor or a burden to staff to create a sense of financial wellness within the company culture.

    A recent survey found that a staggering 43% of employees responding had less than $400 in savings. Another report showed 80% of respondents do not have six months of expenses saved. With these frightening facts, it’s evident employers have an opportunity to build trust with employees by helping reach their savings goals.

    Surcharge-Free ATM as an Employee Benefit

    One very simple, inexpensive way to do that is to place a surcharge-free ATM on-site. The average ATM surcharge in the US is $4.68 and could be higher for employees using an out of network ATM. These fees can add up without the employee realizing it. For example, an employee withdrawing cash at an ATM eight times per month, on average, pays $37.44 or more in fees.

    Putting a surcharge-free ATM in the workplace is one solution a number of companies are implementing. Not only is it a way for employers to help their staff save more of their hard earned paycheck but it is also safe and convenient.

    With a variety of surcharge-free ATM programs available, providing staff with the added benefit of convenient cash access at work has never been easier and in most cases is completely free to the company. It is also hassle free – with ATMatWork staff owning the hardware, handling installation and regular maintenance, and loading cash on a weekly basis.

    For companies that choose to partner with a local credit union or community bank, the financial institution will provide financial education in the form of brochures, on-screen ads, classes or on-site seminars during lunch breaks and be available to answer questions.

    FREE to the Employer | 100% Hassle-Free for HR Staff

    To learn more, give us a call at 866.440.4700 or send us an email at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer.