A new study by MetLife shows that employees are seeking even more retirement planning assistance from employers — and many companies are rising to the challenge.
MetLife's 9th Annual Employee Benefits Trends Study found that 52 percent of employees are interested in receiving financial advice and guidance at work. What's more, employees who are worried about personal financial problems are less productive at work, according to 78 percent of employers, and 81 percent of employees who have financial concerns that have affected their attendance or productivity admit they'd like financial advice in the workplace.
"The economic and financial turmoil of recent years has made it even tougher for employees to create a workable retirement income strategy and to envision financial challenges holistically," said Michael K. Farrell, MetLife's executive vice president, U.S. Distribution in a press release. "We know from our research that few employees are confident that they are making the right financial decisions for their families and want decision support in the convenience of the workplace, which has really become the foundation for such decision making."
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