A well-run retirement plan improves employee wellbeing, promotes inclusivity in the workplace and supports long-term workforce management.
Retirement plans and your employee value proposition
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MANJIT BASI: For most employees, company sponsored retirement plans form a large component of post-retirement wealth. They also constitute a large component of employers benefits spend. It's therefore important that employees appreciate, value, and understand their retirement plans, and that employers see a return on their investment.
A well-communicated retirement plan can aid attraction and retention of talent. And in fact, our Global Benefits Attitude survey, which looks at employees views on benefits, indicates that globally retirement plans are the most important benefit that employees want their employers to focus on. Companies also need to consider their objectives of providing these plans.
