(Photo: Shutterstock)
The retirement gap (the difference between what employees need to save and what they have saved) is growing, and COVID-19 is making it worse. And while it is clearly the responsibility of employees to plan (and save) for retirement, employers have a unique opportunity to help get them in a better position.
Employers need to focus on this issue now because 4 out of 5 employees' personal finances are impacting their job performance. By reducing the stress created by these concerns, employers can improve employee satisfaction and retention, while increasing individual performance. This directly influences their profits and revenue. A direct focus on an employee's personal savings might be the best way to increase overall company performance.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
