COMMUNICATING EMPLOYEE BENEFITS TO THE GENERATIONS
Financial Wellbeing Focus: Empower individuals to manage their finances, save for the future, and feel secure in their financial lives. • Retirement Plans: Offering 401(k) or pension plans with employer matching, helping employees save for retirement. • Financial Wellness Programs: Providing financial education seminars, one-on-one financial coaching, or tools to help employees manage debt, savings, and investments. • Education Assistance: Student Loan Repayment Assistance: Helping employees pay off student loans through student loan repayment programs, negate some education costs with tuition reimbursement programs, or save for a child’s education with 529 plans, can offer a valuable way to make education affordable. • Competitive Salaries and Bonuses: Providing fair wages and incentive-based bonuses that allow employees to feel financially secure and motivated. • Stock Purchase Plans: Offering stock options or purchase plans that allow employees to invest in the company’s success and build wealth over time. Following the suggestions around generational benefits and communication preferences as well as incorporating the six elements of wellbeing within your employee benefit programs will go a long way to effectively engaging employees around their benefit options.
ALERA GROUP
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