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Company perks no longer just about pensions.
7th January 2017
Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education in the workplace, supported by guidance and advice, discusses how an employer cannot expect their employees to simply attend a financial education seminar without knowing the benefits first.
Watts-Lay comments; “Individuals generally are not excited by pensions. It has to be related back to their lifestyles, things people want to achieve or issues they may be facing rather than just banging the drum about needing to put X amount of money into a pension.”
He comments that employers should ask; “‘How can we, as your employer, help you to save money for the things you want, whether that’s money for a wedding, a new car, a flat deposit or retirement?’”
Watts-Lay concludes; “Company perks are no longer just about pensions and a well communicated, flexible and relevant benefits package can improve an employees financial wellbeing. With so many options now available, the provision of financial education, guidance and advice in the workplace is essential for employees to understand what can be achieved through workplace saving.”
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