Fire in the wall: a model approach for employers to impact savings
Article Abstract:
The first Summit on Retirement Savings was held in Washington, DC, from Jun 4-5, 1998. The event was attended by politicians and employers who discussed ways on how the value of saving can be instilled on employees. Employers can develop comprehensive financial education programs geared towards improving the financial behavior of employees. Research done by E. Thomas Garman at the Virginia Polytechnic Institute show these programs reduce worker absenteeism and improve productivity. A Harvard Business Review study shows that a 5% growth in employee attitude leads to 1.3% increase in customer satisfaction and 0.5% rise in corporate profits.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
How to assist employees in their financial planning for retirement
Article Abstract:
Employees need to prepare a plan to be financially secure after retirement. Although some employers provide computerized pension projections for them, employees still need more information in terms of social security and company benefits, total income needed for retirement and the effect of taxation and inflation on these benefits. To ensure financial security, the plan must forecast a target income based on preretirement living standards, personal savings and all expected company and outside benefits.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Low-cost retirement provisions to improve employee morale
Article Abstract:
Retirements plans can be undertaken by employers without incurring burdensome costs. There are certain provisions which, when added to existing plans, are relatively inexpensive for the employer to implement and a morale booster for employees. Among these are the privilege of the participant to withdraw because of financial reasons, the choice of investment method, the possibility of profit-sharing and flexible payment schemes.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Giving away the family business. Compounding outperforms excise tax break savings. Buy/sell agreements key to succession planning
- Abstracts: A new twist in the variable annuity market. The impact of the recession. Variable survivorship life: bull market enhances appeal of policies
- Abstracts: Raising the Social Security retirement age: implications for employers. Implications of new federal guidelines for long-term care insurance
- Abstracts: Digging the dirt. Progressive offers auto next week
- Abstracts: Voluntary benefits: bridging the gap. New approach to salary increases can bring vitality to pay-for-performance