CATEGORY

Disaster Relief Fund Management

Disaster relief fund management is becoming complex process for employers due to the changing regulations (IRS guidelines, and employer specific laws) , also tax related issues and the types of disasters that can be served. The report focuses on the various sourcing trends and service providers in the market.

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    Disaster Relief Fund Management Suppliers


    Disaster Relief Fund Management Supplier

    Find the right-fit disaster relief fund management supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Adecco Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    51

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    45
    Governance
    58
    6 Domains Performance (/100)
    Business behaviour
    50
    Human rights
    55
    Community Environment
    50
    Corporate governance
    62
    Human resources
    36
    Security Scorecard
    85

    Threat indicators
    C
    76
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    90
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    D
    62
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    96
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    adecco.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    4
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    10
    Regulatory Issues
    3
    Workforce Disputes
    2
    Sanctions
    0
    esg energy transition
    58
    Discrimination Workforce Rights Issues
    8
    esg controversies critical severity
    No

    Disaster Relief Fund Management market report transcript


    Regional Market Outlook on Disaster Relief Fund Management in US

    In the US, the concept of employer sponsored disaster relief fund started gaining importance from 2001.Over 60 percent of existing employee relief funds have been created since 2001 after September 11 attacks in the US.

    disasterrelief fund management

    • Initially state and federal government, public system were providing support for the disaster relief
    • Public system, like the FEMA and Red Cross offer assistance to victims of disasters
    • FEMA fund comes from base funding, which was $615 million in 2017, second funding is called “major declarations”, which was $6.7 billion in 2017. This is from the government
    • FEEA also offers disaster relief grants to eligible federal employees
    • FEEA has given over 9,000 disaster relief grants, totaling $4.5 million to federal employees since 1986
    • Now employers are also creating disaster relief fund to support employees affected by disasters and hardships
    • Employers were managing the funds in-house but a shift is seen in large companies to get into partnerships with charity foundations to administer employer-sponsored relief funds
    • Employee giving program is also increasing and around 65 percent of companies have their giving program year round

    Market Trend

    There are different types of employer-sponsored relief programs that allow employers to provide assistance on a tax-advantaged basis. Employer-sponsored charitable organizations is one such type.

    Charitable Leave Donation Programs

    • This is a employer-sponsored program that permits employees to donate vacation, sick, or personal leave in exchange for employer contributions to charitable organizations
    • This allow employees to donate the cash value of unused leave to victims affected

    Disaster Assistance Leave Banks—Employee Donations of Leave to Impacted Employees

    • Employees can deposit unused leave into the leave bank, which can be used by co-workers, who have exhausted or will exhaust their paid leave to address an illness, family crisis, or a disaster
    • Leave banks are not widely used in the private sector

    Qualified Disaster Relief Payments—Direct Employer Donations to Impacted Employees

    • This is a program that employers establish to allow both the employer and co-workers to assist employees affected by qualified disasters
    • Employers should adopt a written policy limiting the use of funds to actual losses

    Employer-sponsored Charitable Organizations

    • Large employers generally provide disaster assistance to employees through employer-sponsored charitable organizations, like employer-sponsored public charity, donor-advised funds, and employer-sponsored private foundations

    Sourcing Strategy

    Disaster relief fund management is becoming a complex process for employers, due to the changing regulations (IRS guidelines, and employer specific laws), also tax related issues and the types of disasters that can be served.

    The three main ways how disaster relief fund management are carried out:

    Insourced

    • The company creates their own funds and manages it as a private foundation or directly provide assistance to employees in need
    • Organizations have an in-house teams managed by the HR/Public relations department to monitor and administer disaster relief funds

    Co-sourced

    • The employer partners with an external vendor for the technology platform or the administration process, but maintains an internal staff for internal communication, campaigning, employee engagement activities, etc.
    • The vendor is responsible for maintaining a rule-based technology platform, making real-time updates to the system and keeping data current

    Outsourced

    • When outsourced all services are provided by the vendor, communications, program delivery from evaluating the applications, to awarding the grant dollars while receiving and acknowledging donations, and providing detailed reporting
    • The vendor is responsible for maintaining legal updates and ensuring system compliance and meet IRS guidelines