Putting Earned Wage Access in its Place
This article was written by Tom Spann, Brightside CEO and co-founder, and originally published in HR Daily Advisor on June 6, 2024. In December 2023, the Consumer Financial Protection Bureau (CFPB) announced plans to outline how consumer lending laws interact with earned wage access (EWA) programs. These programs have grown in popularity as a solution […]
Brightside Ranks Among Highest-Scoring Businesses on Inc.’s Annual List of Best Workplaces for 2024
Brightside, the first Financial Care solution for employers, has been named to Inc.’s annual Best Workplaces list for the second consecutive year. Prominently featured on Inc.com, the list is the result of a comprehensive measurement of American companies that have excelled in creating exceptional workplaces and company cultures, whether operating in a physical or a […]
How Amazon Supports Frontline Employees’ Financial Health
When Amazon’s team asked employees about their perceived value of a range of different potential benefits, it learned that its frontline employees wanted financial benefits that could help with basic financial needs such as groceries, medications, and electrical bills. “Those financial benefits just kept coming to the top of our employee want list,” said Justin Roberts, Amazon’s […]
Want to Support Employee Mental Health? Address Their Top Source of Stress
Employers invest billions of dollars on behavioral tools meant to support employee mental health, but behavioral health needs still drive 41% of all healthcare spend. Why? Finances – employees’ biggest source of stress – aren’t being addressed. Frontline employees, who are more financially vulnerable than the broader workforce, suffer even more intensely. They have day-to […]
How is Brightside Financial Care Different from Financial Education?
Finances are the leading cause of employee stress, and it costs both employees and employers. While financial illiteracy can contribute to financial stress, it isn’t the only issue at play – and it’s not the root cause. In fact, research shows that one-size-fits-all financial education only correlates to a 0.1% in behavior change. To be […]
5 Facts Employers Should Know About Frontline Employees
1. Frontline workers are struggling financially Financial Health Network’s data indicates that 30% of Americans overall are considered financially healthy based on eight different financial health measures; the figure dips to 13% when looking specifically at frontline employees. While 25% of frontline workers are considered financially vulnerable, that’s true of just 17% of the broader […]
Do You Need a Frontline Financial Health Strategy?
Do you need a frontline financial health strategy? That was the topic of our thought-provoking webinar held with our panel of experts from Amazon, Financial Health Network, Mercer, and Brightside. Here are nine key takeaways they discussed that every employer with a frontline workforce needs to know. Click here to watch the full on-demand webinar. […]
10 Reasons Why Typical Financial Wellness Strategies Don’t Work for Frontline Employees
Frontline workers have different needs and barriers to achieving financial health and resilience. These are also the employees driving the most organizational cost in terms of turnover, healthcare utilization, missed work, and more. When you offer a solution specifically designed to improve frontline financial health, your employees’ financial lives improve, and you’ll see it reflected […]
Brightside Named a 2023 LUMINARIES Award Winner by BenefitsPRO
Whether struggling to pay bills or save for the future, Brightside helps employees navigate financial situations in a way no other financial benefit can, with an outsized impact on marginalized communities SAN FRANCISCO, Sept. 20, 2023 — Brightside, the only Financial Care solution for employers, today announced that it has been named an honoree in […]
Straight from Brightside Customers: Why Fortune 500 Employers Offer Brightside Financial Care
With 70% of employees living paycheck to paycheck, it’s critical that employers find a way to effectively address and alleviate their financial stress. It has downstream impacts on every other aspect of an employee’s life, including health, happiness, workplace productivity, and job burnout. Financial health is even the biggest determinant of life expectancy. Many employers […]
