Why Offering Retirement Benefits Helps Attract And Retain Top Employees
As a business owner in 2022, how many times have you heard yourself ask, “What do employees want?” After all, nearly 24% of the American workforce left their jobs in 2021, leaving small and medium-sized business owners, in particular, wondering how to not only attract top talent but how to retain them.
Well, the good news is that statistics support a pretty clear answer. Not only do workers want more money, but 62% seriously consider the availability of a retirement plan when deciding whether to accept or remain in a job. Furthermore, 76% of employees are likely to be attracted to another company that cares more about their financial well-being.
So, while the answer is evident in that the key to attracting and retaining top talent lies in offering comprehensive retirement packages and financial wellness programs, we often find that most business owners struggle with the reality of implementing those solutions.
At Wealth Stack, we’ve explored hiring issues and employee retention strategies with employers as part of building our proprietary app. Here’s some of what I’ve learned.
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