The majority of employers and human resources professionals feel at least somewhat responsible for their employees' financial wellness, according to a survey by Bank of America Merrill Lynch.
To help improve financial well-being and peace of mind for their employees, many companies now offer various forms of education related to saving for retirement, 70 percent, planning for health care costs, 38 percent, debt management and budgeting, 15 percent.
The economic, regulatory and public policy environment of the past couple of years has caused corporate benefits leaders to review the retirement and health care benefits they offer to employees. The majority of HR professionals, 73 percent, report having to develop greater expertise across various retirement and health care-related topics to do their jobs effectively.
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