Employer-sponsored financial planning could improve employee morale, according to a recently released survey.
By Jessica Marquez Comments 0 | Recommend 0
Fear factor: Employees are increasingly concerned about rising benefits
costs, according to Ameriprise Financial’s 2007 Workplace Financial Planning
Benefit Decisions study. More than 40 percent of respondents said that stress
about increasing insurance costs is affecting their health. Forty-four percent
said that increasing benefit costs will impact their ability to fund retirement
and other financial goals.
The findings also indicate that concerned employees are open to guidance.
Eighty-nine percent of respondents said a financial plan that directly addressed
their workplace benefit costs and contingent financial decisions would be
helpful. Seventy percent of respondents said they would be interested in
one-on-one financial planning if it was offered through their employers.
Employer-sponsored financial planning could improve employee morale, according
to the survey. Eighty-seven percent of employees surveyed said that they would
feel more valued by their employers if they offered some type of financial
planning.
Jessica Marquez is New York bureau chief for Workforce Management. E-mail editors@workforce.com to
comment.
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