40% of employees want their employer to provide access to a financial professional

“Our research shows that Millennials want help that goes beyond retirement topics and empowers them to more effectively manage their finances today, while still saving for the future. They also tend to be more engaged and participate at higher levels in employer-sponsored savings plans and want to get help with financial matters in the workplace. Employers who embrace their role in supporting their employees’ financial wellness may be better positioned to build more loyal and productive workforces.” Some more of the findings of the research conducted by Bank of America Merrill Lynch: • Millennials’ focus on engaging with their finances means they are doing so during working hours. In fact, on average, they are spending 4 hours a week on personal financial matters at work-and 60% of them are spending more than 3 hours a week. • 40% of employees want their employer to provide access to a financial professional to help them manage their financial matters. Millennials are even more open to getting help in the workplace. Continue reading below! Did anything surprise you? Let me know in the comments. https://lnkd.in/fSi5zf7

2020-03-08T12:14:22+08:00