The thought of retirement can be intimidating for your employees. Many workers save for retirement, but a large percentage (56%) don’t know how much they have to save to retire. Your employees need to be educated on retirement—it has a direct effect on employee engagement, motivation, and retention. In fact, 55% of job seekers would accept a position at a company with lower compensation for a more robust benefits package with a retirement plan being a highlight.
If you’re going to offer your employees a path to retirement, a 401(k) with VensureHR is the best path to take. Not only will your employees enjoy the transparency of their retirement plan, but you’ll also love a new benefit you can leverage while recruiting and retaining workers.