The number of sponsored pension the employer continues to decline, the 
responsibility for saving for retirement was left only to employees. As a facet of employee retention strategy, many employers envelop Plans "correspondents" or profit sharing programs in their benefits program.
But even with help to save for retirement, the average American worker is still finding it difficult. So many people have questions about retirement: "How can I start a retirement account? How much should I save? "Adding financial education to your employee retention strategy can help employees to answer these difficult questions and can help companies avoid the cost of losing an employee.
Where the Americans in their financial planning?
the uncomfortable truth is that 60 percent of Americans say they have difficulty in saving for retirement. the stress and confusion about how to save such money is exactly why many employers have included pension plans in their employee retention strategy. If workers see that their employer will help them save for retirement, they are likely to stay longer.
Yet even find how much money you save can be frustrating. the issue simply has not an easy answer. in 1994, financial planner Bill Bengen proposed a theory called the Rule 4 Percent. Others suggest using a retirement calculator. Some propose an ascending scale
The people who enter the labor market are pushed to an earlier age to start saving for retirement -. In part because they are expected to live longer than their parents and grandparents. The current average life expectancy in America was 79 years, against about 76 in 00.
Why Good financial planning
Many Americans expect their 30 or 40 to start thinking about retirement. It is easy for employees entering the workforce for taking out a pension plan for a number of reasons: they are trying to pay off debt first, their salary is too low to give up everything extra income, or they feel that retirement is so far away that the savings do not make a difference. However, from a halfway at 65 retirement plan is often too late.
One of the simplest ways for companies to increase employee retention rate is to match (or double!) Pension contributions. If someone makes $ 40,000 saves 4 percent of its income, it will save $ 1,0 annually. But with the employer matches the amount doubles to $ 3.0. The average worker gets used to living without that 4 percent and also feels grateful to his company to invest back into it.
What are the available resources and how employers can participate
There are many resources available to Americans when saving for retirement. Pension plans come in many forms, such as 403 (b) s, 401 (k) s, Roth IRAs and traditional IRAs. For many Americans, some of these answers can be found on the Internet, but others may prefer to sit down with a person who can answer questions specific to their lives.
This is where employers can participate. Provide financial education to your employees can be a key addition to your employee retention strategy. Research conducted by the International Foundation for benefit plans (IFEBP) found that "four out of five employers are personal financial issues of their employees are a little, very or extremely impactful on their job performance."
Remember. the happy workers not only stay with their employers, but they also work harder
Conclusion
adding financial education can be an important addition to your employee retention strategy. Saving for retirement may seem a monstrous task for many people. by giving your employees the tools to do it, help you relieve stress and allow them to feel more in control of their financial future.
Are you Making financial education party as part of your employee retention strategy? Let us know in the comments below!
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