Childcare. Utilities. Medical bills. To many of us, these are just typical, everyday costs of living and working. For others, these are a few common causes behind financial hardship, often forcing someone to choose between medicine, electricity, food, or shelter. In some dire situations, these can even be the make-or-break reasons that lead to someone becoming homeless.
In a blink of an eye, it seems our world has turned upside down. If you’re like me, you’re working remotely, you’ve read “in an abundance of caution” more times than you can count, you’re managing a child who is climbing the walls without school to occupy her time, and you’re casting about trying to find some tangible way to help yourself, your loved ones, and the broader community in which you live and work—not to mention those hit hardest by the outbreak.
Nonprofits are the backbone of our communities – some more visible than others in their impact and the needs they meet. While COVID-19, otherwise known as the coronavirus, is affecting everyone, nonprofits are particularly feeling the pinch as they simultaneously adjust their work environments and policies to ensure the safety and well-being of their staff and volunteers, and demand for their programs and services surges beyond the scale their networks are prepared to handle.
Companies Offering EAFs Strive to Be the Difference for Their Employees
WASHINGTON, February 10, 2020 /3BL Media/ – America’s Charities, a nonprofit celebrating its 40th year as a pioneer in employee engagement, today announced it has expanded its Employee Assistance Fund (EAF) service by welcoming six new clients.
44% of Americans can’t cover a $400 unexpected emergency expense and only 39% of Americans say they have enough savings to cover a $1,000 emergency room visit or car repair. No matter the scale or severity of the crisis, employee financial stress costs employers an average of $5,000 per employee per year in lost productivity.