April 6, 2020

U.S. Chamber Of Commerce Creates Employee Assistance Fund

Many employees are experiencing financial hardships during this time. The U.S. Chamber of Commerce has partnered with America’s Charities to offer an Employee Assistance Fund (EAF) program for businesses looking to help their employees cope with undue financial stress. An EAF is a program to help employees cope with unexpected hardships that place undue financial stress on them and their families.

One way to distribute EAF funds is through an external nonprofit partner that increases the flexibility of what hardships the fund can cover, as well as lowers the administrative burden to the company. Many employers establish these funds to assist their employees with the financial challenges these types of events present. Helping employees allows employees to recover more quickly, demonstrates a company’s care for employees and commitment to their well-being, and provides co-workers an opportunity to help their colleagues.

Click here to learn more about the Chamber’s efforts.