Protecting Your Greatest Asset
As a business owner, you probably know that attracting and retaining top talent is about more than a salary — you also have to offer competitive benefits and a sense of security.
Employees worry about money. According to a 2017 PricewaterhouseCoopers survey, 53 percent of all employees are concerned about their finances. Nearly one in three employees say finances have been a distraction at work. And almost half of those employees spend three or more hours a week handling their personal finances at work.
So what does it really mean to business owners? Here are two things you might want to consider implementing:
Along with offering a retirement savings plan, help employees understand why they should participate and how to make the most of every dollar they save for retirement.
- How to find money in your budget that you can put toward retirement savings
- The value of compounding and why it’s important to save early for retirement
- How to make the right investment choices within your 401(k) offerings.
In addition to group education, the survey noted that 27 percent of companies are also beginning to offer planning that focuses not only on retirement planning but also:
- managing debt
- obtaining a mortgage
By offering access to a financial partner who can help your employees create plans, you can help them tackle stresses that are keeping them up at night or distracted during the day.
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