An Employee Assistance Fund (EAF), also known as an Employee Relief Fund or an Employee Crisis Fund, is a program to help employees cope with unexpected hardships that place undue financial stress on them and their families.
A leading 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.
On October 10, hear from the U.S. Chamber of Commerce Foundation and America’s Charities on how to easily establish and maintain an EAF program for your company.