A paycheck doesn’t guarantee financial health. But you can close the gap.
You know financially healthy employees improve your business. Yet there’s a gap between having a paycheck and having money. Delivering financial health means helping employees manage their finances and prepare for the future, so they can be their best selves.
People aren’t dumb. The world is hard.
This quote, from Nobel Prize-winning behavioral economist Richard Thaler, is a rallying cry at Brightside.
We believe that your employees are working hard to be financially healthy. But traditional financial services are designed to profit off their struggles, instead of helping them stop struggling.
Having financially sick employees hurts your business.
2X
Financially stressed employees are over 2 times more likely to look for a new job.
Source: Salary Finance
16 Days
Financially stressed employees miss an extra 16 days of work per year, on average.
Source: WTW
30%
Financially stress adds 30% to U.S. healthcare costs.
Source: “Poverty and the Myths of Health Care Reform” by Richard Cooper, MD
Offering Brightside fixes that.
Reduced turnover
Employees who use Brightside are 41% less likely to leave their jobs than their peers who don’t use Brightside.
Less absenteeism
Employees using Brightside take less than half as much unpaid leave as their colleagues.
Lower Costs
Brightside can potentially save $410,000 for every $1 million spent on employee turnover.
—A Brightside client
