Some employers are offering savings accounts supported by payroll deductions to help employees store cash for emergencies. "By offering an auto-deposit arrangement, an employer helps employees utilize the power of inertia to their benefit" while avoiding predatory loans, says Jonathan Price, an executive at Segal.
How companies can help employees prep for emergencies
Sign up for HR People + Strategy SmartBrief
News for and about HR executives
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.