Employee Assistance Funds
When your employees face unexpected hardship, your company can be there to help — easily, effectively, and with confidence. Our Employee Assistance Funds team builds and manages your program from setup to support, so you can focus on caring for your team and achieving your CSR goals.
Global Impact can help with:
Set Up
Establishing an EAF and developing program framework and governance.
Refresh
Assessing existing programs and making recommendations.
Implementation
Implementing the complete program including reviewing applications for assistance and processing funds, decreasing your corporate risk.
Application Portal
Building a custom application portal for employees to apply for assistance.
Reporting
Providing dashboards and reporting to see the impact and usage of your program.
Donation Platform
Creating a donation platform for employees to support one another.
Reach out to learn how we can help your organization.
Our Clients
The Basics
What is an EAF?
An EAF, also known as an employee assistance program or employee hardship fund, is a program established by a company to support their employees through monetary assistance in times of disaster or personal hardship. These situations are often difficult to predict and, when they strike, can cause extreme financial burden for those impacted. During this difficult and unforeseen time, the negative impact of these circumstances affects the individual employee and their family, as well as their employer. These effects often manifest as a decrease in performance, unexpected absences from work, and employee turnover.
In light of the number of natural disasters year-over-over, companies are increasingly implementing EAFs for their staff. These programs can be launched to support those affected by natural disasters such as hurricanes, floods, or tornadoes, as well as unexpected personal hardships, like home fires, that place undue financial stress on the employee and their family.
Why are EAFs important?
In short, EAFs are a good business decision. They not only show your employees that you care about their wellbeing, they also support your staff in their time of need so they can continue as optimal contributors to your company. Employees see EAFs as a workplace benefit and, as a result, implementation can lead to increases in both productivity and retention, all at a minimal cost to the company.
Why is it important to partner with a third-party?
Partnering with a third-party:
- Removes the administrative responsibility of managing a robust program for employees all over the world.
- Allows for an outside, objective entity to review, screen, and approve applications for assistance, ensuring the applicant remains anonymous, protecting the private information of employees, and minimizing any risk to the corporation or corporate foundation.
- Protects the corporation or corporate foundation from the liability of administering a program that could be seen as directing additional compensation to certain employees.
- Permits donations made by the company or foundation, its employees and/or subsidiaries, or other stakeholders to be tax-deductible.
- Ensures employees are not taxed for the grants they receive.
Featured Client
Grantmaking & Employee Assistance during Crises with Avery Dennison Foundation
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