SAN DIEGO, March 16, 2016 /PRNewswire/ -- Zebit, a free employee benefit that helps working Americans take control of their everyday financial lives, today announced that San Diego HR Roundtable (SDHR), a community of hundreds of HR professionals within San Diego's business network, has adopted its financial wellness offering. With the implementation, SDHR members can experience firsthand how Zebit helps HR professionals tackle financial stress in the workplace through a free employee benefit featuring budgeting tools, online education, and access to a worry and interest-free credit model.
Stress is estimated to cost U.S. businesses $300 billion annually1 and the number one cause of stress is financial stress, with 85 percent of employees experiencing at least some level of financial strain.2,3 Recognizing the alarming impact of financial stress on the corporate bottom line, Zebit instated March as Financial Stress Awareness Month and is working with organizations, such as SDHR, to empower leading HR and recruiting executives with free programs that reduce the pressure of employees' cash constraints and maximize workplace productivity and engagement.
"As a leading voice in the HR community, we wanted to provide our members with a benefit like Zebit to directly address one of the most common and crippling workplace distractions—financial stress—and the pitfalls of high interest credit and unstable rent-to-own services," said Jennifer Johnson, president at SDHR. "HR pros are pressed now more than ever to introduce perks and benefits that help their companies stay competitive and attract and retain talent. Zebit is unlike any other workplace offering we've seen and is exactly the type of 360 degree program—with budgeting, education and interest-free credit options—that employers can confidently count on to influence financial freedom."
Zebit was founded to provide better financial options for working Americans. With Zebit's interest-free credit model, also known as a ZebitLine, employees have access to credit that can be used to make purchases in the Zebit Market. The Zebit Market features thousands of name brand goods at retail prices and was designed to give employees the ability to make large or unexpected purchases while paying for them over time without interest or fees. With this, Zebit members can avoid revolving debt and accruing interest that comes with credit cards or other financing options. Zebit's offering also features the Instant Budget app which automatically creates a customized budget based on income, where someone lives, and the number of people in his or her household.
"All too often, working Americans face a constant struggle with money and many feel as though there are no alternatives to the risky options they have when it comes to paying for an unexpected expense like a refrigerator or new tires," said Michael Thiemann, CEO and co-founder at Zebit. "We are proud to have been selected by SDHR and it is our hope that through our partnership, we can help San Diego's HR leaders understand and implement Zebit throughout the county's employer base."
SDHR is a membership organization comprised of individuals in the field of human resources and is focused on networking with other experts in the field. The organization offers monthly informational sessions in the form of Lunch and Learns and workshops, all of which are accredited through the Society for Human Resource Management® and HR Certification Institute™.
SDHR members interested in registering for Zebit for personal use or learning more about how the free employee benefit can be integrated into their organizations should contact Zebit at www.zebit.com/employers or by emailing email@example.com.
About San Diego HR Roundtable
San Diego HR Roundtable (SDHR) was founded in 1998 as a vehicle for HR Professionals to share information on career related topics. Today, we have grown to be one of San Diego's largest and best known HR Networking groups. Our membership base is targeted to a focused group that includes human resources professionals, recruiters and consultants ranging in experience from new-to-the-industry to seasoned executives. Our Board of Directors meets regularly to develop and implement our strategic goal which is to utilize the power of our membership base to drive change in San Diego's HR community and create awareness of the value of a strong HR presence in every organization. For more information visit us at www.sandiego.hrroundtables.com.
Zebit is a free employee benefit that provides financial education, planning tools, and no-cost credit options that help working Americans take control of their everyday financial lives. By partnering with employers and leveraging advanced technology, Zebit provides a unique financial wellness offering that lowers employee stress and improves the corporate bottom line. Zebit is located in San Diego and is backed by VCs that include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures and Correlation Ventures. Learn more at www.zebit.com.
1American Institute of Stress, http://www.stress.org/workplace-stress/
2American Psychological Association, https://www.apa.org/news/press/releases/stress/2014/stress-report.pdf
3Financial Finesse, https://www.financialfinesse.com/wp-content/uploads/2015/06/Financial-Stress-Report_2015.pdf