With so many baby boomers leaving the workforce, there’s an opportunity for HR professionals to structure and communicate retirement programs to help employees with this transition.
Find five strategies to achieve that goal in the article, “Are Your Employees Retirement-Ready?” The article’s authors, Alan Vorchheimer and Cynthia Zaleta, both principals with Conduent, discuss the range of options sponsors can use to help employees generate retirement income and bolster financial wellness.
From rethinking the paradigm of terminated participants retaining account balances in the plan, to adding social security modeling tools to recordkeeping platforms, the authors explain five first-step ideas you can put in place at your company.