Innovation to Improve Employee Retention
Looking into ways to attract new employees? Want to retain good people, and assist their families? Join the discussion…
At this week's 1 Million Cups, Sid Pailla will join Dale Fickett and discuss Sunny Day Fund. Pailla's venture is providing a new approach to employee benefits.
Sid Pailla is CEO of Sunny Day Fund. As a systems engineer, Pailla holds a B.S., an M.S. and Ph.D. from UVA. He also holds an MBA from the Darden School, and worked as a Strategy Manager in Accenture's Washington, DC practice. As a life-long "mission delusional nerd" he has social entrepreneur cred, having participated in Techstars, Mass Challenge, Lighthouse Labs, serving as a fellow at the Global Good Fund, and now leading Sunny Day Fund.
Sunny Day Fund. According to Pailla, "We have a vision at Sunny Day Fund™ - financial well-being for ALL workers, starting with emergency savings. This means we make saving easy, accessible, and rewarding for hardworking Americans with a little help from their employer, leading to better workforce financial well-being and better workplace outcomes."
- Following the pandemic, nearly half of Americans say they’d have trouble handling a $250 emergency expense;
- Two-thirds say they’ve had their household income decrease; and
- The vast majority say that they’ve experienced increased financial stress.
Pailla's firm provides an award-winning emergency savings benefit has been shown to improve retention, enhance financial well-being, and decrease 401(k) loans and hardship withdrawals.
The Discussion. 1 Million Cups is a national entrepreneurship program of the Ewing Marion Kauffman Foundation, which promotes peer learning and professional connections that assist entrepreneurs. Since 2014, 1 Million Cups - Richmond has been pioneered by RVA Works, a local nonprofit providing educational and financial services for new business owners. At each 1 Million Cups, business founders as guest speakers share about their ventures and discuss the challenges that they are facing during the development process. Participants can learn from the speakers’ experiences, discuss valuable insights and make connections within an audience of peer entrepreneurs.
Logistics. Meet entrepreneurs, learn from peers, contribute to the conversation:
- Wednesday, November 30th
- 8:30am EST - Coffee & Connection
- 9:00 - 10:00am EST - Presentation & Discussion
No pre-registration is required. Join us:
Robins School of Business
102 UR Drive, iLab Room 123
University of Richmond, VA 23173
Parking. Free parking is available in the U5 and U6 lots immediately adjacent to the Robins School. Please enter the main foyer, turn to the left and proceed to room 123 (iLab) on the ground floor.
Please sign in when you enter the room, providing your license plate number.
