Brightside’s Post

How can employers reduce turnover by 50% or more with an NPS of 90 or higher? This video sums up why employers should focus on helping all of their employees - especially those who are financially sick. In this video, Unum touts a 50% reduction in turnover and a 93 NPS for those that employees that engage with Brightside, and one of our Fortune 10 clients touts a 76% reduction in turnover and a 100 NPS. Leading employers are investing in financially supporting all of their employees, not just those who are focused on retirement readiness. #financialillness

Employers can provide invaluable assistance to those struggling to manage debt obligations, with an eye toward retaining — and building — their retirement nest egg. The unprecedented combination of economic pressures facing many employees today can easily lead to short-term thinking and reactive decision-making that can compromise long-term financial health. But by providing targeted resources and assistance, plan sponsors can play a crucial role in improving their employees’ financial resilience and retirement readiness — and help them live more happy and productive lives both within and outside of the workplace. Employee wellness ideas and more are in this month's edition of The Retirement Times. #hr #cfos #employees #benefits

Recent studies show a slight boost in employee and retiree confidence about retirement. While wage growth outpaces inflation, concerns linger about insufficient savings and rising costs. Enhancing retirement options is key to addressing these worries and boosting confidence. #retirement #retirementplanning #livewell #retirecomfortably

Did you know collective retirement plans are shaping HR strategies while reducing costs? With lesser administrative hassles, it's definitely making a difference. Learn more about how a PEP can bolster HR priorities: https://ow.ly/IjrI30sE98z #DefinedContributionPlans #PooledEmployerPlans #MasterTrust

This is an interesting read on the lingering impact of past economic challenges on retirement confidence. Despite improvements, there's still work to do. 📈💼 https://bit.ly/3yrwGMA #Retirement #EmployeeBenefits #FinancialWellness #TotalRewards #Compensation #HR SHRM

Recent studies show a slight boost in employee and retiree confidence about retirement. While wage growth outpaces inflation, concerns linger about insufficient savings and rising costs. Enhancing retirement options is key to addressing these worries and boosting confidence. #retirement #retirementplanning #livewell #retirecomfortably

Employee Owners get to benefit in long-term wealth building. According to Certified Employee-Owned, “A 2021 study by the National Center for Employee Ownership found the average employee-owner had roughly $67,000 more in retirement wealth, compared to workers at non-employee-owned firms. And this can scale. Our research calculates that if every American company became employee-owned the net worth of the bottom 50% would increase by roughly $81,000 on average.” #EOMonth #CertifiedEO #TheKMIWay #ESOP

According to the Randstad Employer Brand Research Survey, “Attractive salary and benefits” ranked as the most important value proposition in an employer. Thus, position yourself as an ideal employer and retain your employees by contributing to their Private Retirement Schemes (PRS). PRS can serve as part of a retention benefit package for employers, whereby employers can make contributions on the employees' behalf to a PRS Fund of their choice. To learn more, visit https://lnkd.in/gQjTSxXm #PPA #WeSaveInPRS #RetirementPlanning #FinancialLiteracy #PRS #StartSavingEarly #SaveBeforeSpend

Industry experts suggest there are potential opportunities to review the value of pension plans in today's marketplace. Here are some tips for employers contemplating this option. SHRM https://lnkd.in/dGZzEb3n #pensionplan #employees #retirementsavings

Interesting article considering the volatile job market and the significant number of older employees severanced or laid off over the past three years that have had to turn to their 401k’s for funds to pay for short-term expenses to make ends meet, crippling their actual retirement goals.