In times of economic uncertainty, financial wellbeing is getting more important than ever. When employees feel confident about their financial future, especially their retirement savings, they experience less stress and anxiety, which directly improves engagement and overall productivity at work. Supporting financial wellbeing also helps create a more resilient, motivated workforce that is better equipped to navigate today’s fast changing environment.
In our recently released WTW’s Benefits Trends Survey (“BTS”), we explored the factors shaping organizations' benefits strategies, the challenges and opportunities in managing them and the future changes being planned. One key finding is that talent issues persist and employers plan to use benefits as a tool to attract and retain talent and address wellbeing.
In answer to “What actions has your organisation taken in the financial management of its retirement benefits or is planning or considering taking in the next three years?”, enhancing financial wellbeing benefits scored highest when considering emerging actions in the next 3 years. We appear to have convergence as financial wellbeing is also one of the top 3 areas employees stated as wishing their employers to prioritise as revealed in the 2024 WTW Global Benefits Attitudes Survey.
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Retirement benefits
Download our latest issue of MPFexpress to learn more.
WTW has the largest team of retirement consultants in Hong Kong who are available to help you with all aspects of retirement benefit design, provider review / monitoring, employee communication and financial analysis. Contact us for a discussion on how we can help.
| Title | File Type | File Size |
|---|---|---|
| Magazine: Building financial wellbeing: What employers can do to support retirement savings | .8 MB |
