We write for HR.com on Retirement Planning
Recently, our CEO and Founder, Lilah Raynor, contributed to HR.com, discussing how workplace initiatives can play a crucial role in reducing financial stress and enhancing employee retirement outcomes. The article, “Supporting Financial Futures: Employer Solutions For Retirement Planning,” digs into how employers can reduce financial stress, improve retention, and support older workers by enhancing retirement savings programs, offering personalized planning tools, and promoting workplace financial literacy.
In the article, Lilah references how our Logica® Future of Money Study shows that many Americans across all generations are feeling financial strain, impacting their ability to save and invest for retirement. Younger employees like Gen Z and Millennials are actively saving but feel it’s insufficient, while older workers from Gen X and Boomers are delaying retirement and even considering “unretirement.”
“Supporting Financial Futures: Employer Solutions For Retirement Planning” outlines how employers can make a meaningful impact by offering enhanced retirement savings programs, financial wellness initiatives, and personalized planning tools. Lilah points out how these efforts not only address financial stress but also boost employee loyalty and productivity. Financial literacy programs, in particular, have been shown to help companies attract top talent while fostering a healthier, more engaged workforce.
More data shared in HR.com about the Logica Future of Money Study shows that despite financial challenges, many Americans—especially Gen Z—are increasing their contributions to 401(k) plans, reflecting a strong commitment to securing their financial futures. Gen Z, in particular, values retirement benefits when considering job offers.
This is a critical moment for employers to step up and help guide their workforce toward a secure retirement while also benefiting from more satisfied employees. Learn more in the full article here.