Search site
Home >Services >Employee Stability Program

Stability Program

Helping employees retain or regain housing stability.

Wellspring proudly introduces the Employee Stability Program™(ESP).

The Problem

Many working Americans are dealing with financial anxiety, living paycheck to paycheck, and struggling to keep up as basic living costs outpace their earnings. Currently, 64% of Americans are living paycheck to paycheck, including half of those making over $100,000 a year.¹

The average emergency expense of $1,400² could put an employee at risk of housing instability. A destabilizing financial crisis distracts employees during work hours, reducing productivity and increasing the risk of mistakes. The stress can cause mental and physical health issues that employees bring to the workplace. In some cases, the impact on an employee so significantly impacts their ability to perform their job that they leave their position. The employer bears the cost of turnover, including temporary staffing, recruiting costs, and even legal expenses.


The Impact
  • A financially stressed employee can lose up to 8+ productive hours per week, with costs amounting up to $1,200 per employee per month.³
  • Employees who are forced to move for financial reasons are 11% to 22% more likely to lose their jobs. ¹¹
  • The cost of replacing an individual employee can range from one-half to two times the employee’s annual salary — and that’s a conservative estimate.¹²
The Solution

Wellspring is proud to offer the Employee Stability Program (ESP) designed to address employee financial crises earlier, help employees retain or regain housing stability, and reduce the costs associated with lost productivity and turnover for employers. This innovative employee benefit has two components: confidential case management and financial support.

Available to all employees, regardless of income, the case management services are delivered by experienced housing stability specialists who provide resource referrals and financial coaching. These basic services are funded through a per-employee per month fee.

The financial support component assists employees with lower incomes with crisis-related costs to maintain housing stability. Available to households earning 80% or less of Area Median Income, this financial assistance is covered through an optional fund established through donations from employers, employees, and/or other supporters. These crisis-related costs can also be billed directly to the employer on a fee-for-service basis. Financial assistance is paid directly to third-party vendors, such as landlords or utility companies, so that the payment remains non-taxable to the employee and the employer.

Wellspring’s Employee Stability Program is available for purchase, nationwide, through Wellspring EAP. The service is designed to complement existing EAP services, whether you use Wellspring EAP or another EAP, or as a stand-alone employee benefit.





Back to Top