Workplace Saving: A growing number of employees are getting the majority of
their financial and retirement products and services through their employers,
according to a recent study by MetLife.
Fifty-two percent of employees say they get most of their financial and
retirement products from the workplace, up from 46 percent a year ago, according
to MetLife’s Annual Employee Benefits Trend Study.
Similarly, 44 percent of employees surveyed say they would like to get
financial planning advice at work, up from 30 percent last year. Forty-nine
percent of employees say they would like retirement advice from their
employers.
It would seem that employers don’t fully appreciate how important benefits
are to their employees, according to the study. Seventy-two percent of employees
surveyed say that retirement benefits are an important factor in loyalty, while
only 41 percent of employers say the same.
In fact, when asked to rank the importance of benefits in retention and
workplace loyalty, retirement benefits and advancement opportunities tied for
third, the study says. Salary/wages and health care benefits came in first and
second.
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