Today I want to talk about one of the most valuable steps of the Ultimate 401k Advantage™ 5 Step Process.
That is the 5th step of educating your employees.
There are so many studies out there that talk about lost productivity due to financial stress, and even studies that relate financial stress to increasing your health care costs.
That’s why I think this could be the most important step of the whole process, and that’s why I want to talk about it.
But first, let me ask you a question.
The real question is, how can you as a company that sponsors a 401k or 403b plan, turn your plan from a liability into an asset that gives you an advantage in the marketplace, and become a 401k superhero to your employees?
That is the question, and these videos will give you the answers. Hey I’m Jonathon Schultheiss and welcome to the Ultimate 401k Advantage videos.
Why is educating your employees so important? I think there are several different reasons.
First, is that when you educate your employees on the basics of financial literacy, you can start to reduce some of the stress they feel about money.
Employees who are stressed about their finances are more susceptible to being recruited for $1 more an hour than those who are less financially stressed.
A Price Waterhouse Cooper study found that 63% of employees say their financial stress has increased since the start of the pandemic.
What if you had a program to teach your employees about the basics of finance? Do you think that could help build loyalty to your company? Do you think that might help you retain good employees?
What if you could teach your employee how they could become a 401k Superhero to their future self? And then you gave them a process to do that?
Want to learn more about how we’ve helped dozens of companies do just that? And learn more about how you can become a 401k Superhero to your employees by implementing an employee financial literacy program?
Then you need to get a free copy of my book The Ultimate 401k Advantage™, The 5 Step Process to Becoming a 401k Superhero to You Employees. You can get a free copy by clicking on the link above.
© 2023 All Rights Reserved