Workers Clamor for Financial Consultation, Support
Wall Street turmoil causes many to alter retirement plans, put off homebuying.
By Garry Kranz Comments 0 | Recommend 0
Bailing Out Employees: Many employees are hoping their companies will help them
deal with the Wall Street fallout. Work/life consulting firm Workplace Options,
based in Raleigh, North Carolina, says in a survey that half of American workers
are facing undue stress about the financial markets, thus cutting into their job
productivity. More than one-third of respondents note making alterations to
their retirement plans, and nearly one-quarter have “changed their mind about
buying a new home.” The roiling financial situation is causing workers to turn
to their employers for assistance, with nearly 40 percent saying the provision
of company-sponsored “financial consultation” is very important, and 57 percent
vowing to use the services if offered. However, the research is vague on how
many companies are implementing such offerings.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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