As HR pros, not only are you concerned with making sure employee paychecks hit, you’re also thinking ahead. Helping employees save for their futures—largely in the form of 401(k)—has become an essential ingredient in benefit packages.
Take it to the bank—these days, offering employees retirement benefits is an expectation, not an exception. Namely’s survey data shows that 90 percent of job applicants said they’d think twice about joining a company without 401(k) offerings. But when it comes to the nitty gritty, how many employees actually understand how retirement plans work?