Are your employee bene¬ts “future-proof”?

April 14, 2014

Case in point: According the Society for Human Resource Management,  92% of
companies currently offer some form of defined contribution retirement savings
plan. However, only 59% offer investment advice online and only 53% offer this
advice one-on-one.8 Offering financial advice would probably be a small
addition to your benefits, but it could make a huge impression on millennials.
After all, how much more valuable would your benefits be to millennials if you
weren’t just a 401(k) provider, but also a financial advisor?
Luckily, you don’t need to do this alone. Financial Finesse is just one example of
a company that can help educate your employees about financial  wellness, but
they’re certainly not the only one. In fact, your benefits providers may already
offer these services to you for free.
Of course, retirement savings is only one of the employee benefits that can be
tuned to ensure that it’s providing value to millennials. For example, just as
millennials value retirement advice in addition to 401(k)s, they may also value
nutrition plans and discounted gym memberships in addition to a medical
insurance plan that they’re much less likely to use than their older co-workers.

Spotlight

HROffice

HROffice is a fully integrated recruitment solution for vacancy and candidate management, corporate career sites, Facebook App, mobile applications, talent pools, screening and e-assessments. Due to our modular construction you can easily create your own recruitment solution. Completely tailored to the needs of your organization, you only pay for the modules that you actually need.

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