What do employees want? American employees are feeling somewhat more optimistic for their financial future than they were a year ago, although there is still great concern over debt and cost-of-living expenses, according to Bank of America' 14th annual "Workplace Benefits Report: the Resurging Workforce."
Bank of America surveyed 955 employees who are working full-time and participate in 401(k) plans and 804 employers who offer a 401(k) plan. What employees say they want seems to fluctuate with trends in the economy and culture. Also, women expressed significantly lower financial wellness scores than men: More than half (53%) of men reported good financial wellness, while only a third (36%) of women said so.
Financial wellness resources that employees want the most include online financial tools and calculators, retirement education, education to develop financial skills and good financial habits and a platform with all employees' information in one place with clear steps to help identify and reach their goals.
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