Retirement Preparation: Why Employers Should Care and What They Should Do
The retirement landscape is challenging to navigate for employers and employees alike, and employers have a lot to reconsider in how they go about preparing employees for retirement.
The concept of retirement has dramatically evolved over the past century. While more people used to expect a pension and a reliable retirement date, the shift toward employee responsibility in retirement savings has caused challenges for both employees and employers. Considering the massive changes in the retirement landscape and in the definition of retirement itself, employers have a lot to reconsider in how they go about preparing employees for retirement.
Alight Solutions’s Alison Borland, Merrill Lynch’s Joel Gershon and Beck Group’s Elizabeth Haynie all spoke with Workforce Associate Editor Andie Burjek and Video & Multimedia Producer Andrew Lewis about the major challenges in the current retirement landscape for employers and where there’s room for improvement and innovation. Also, everyday people spoke to Workforce in Man-on-the-Street interviews to share what retirement concerns they have, much of which employers should keep in mind when thinking about what their employees may want as well.
Video production: Andrew Kennedy Lewis.