Employee Rewards and Benefits News
Businesses should ensure employees are financially protected, says expert
Employee benefits such as proper saving options should be made available to workers in order to safeguard financial future.
A recent piece of research carried out by the Unum, providers of financial protection, found that one-fifth of the workforce were blissfully oblivious to their financial security.
It was revealed that one in five workers, who responded to the survey, did not have a reliable Plan B when it came to financial crises such as losing their present jobs.
Employees could not even rely on their partners or on money put away into savings account to bail them out in times of need.
The research also found that the average employee would only be able to survive for four weeks if he or she were to lose their job all of a sudden.
Marco Forato, chief marketing officer at Unum, said: "In the economic climate, companies are looking for improved performance and we know there is a proven link between creating a good working environment and business success.
"Good companies know that engaging with employees to provide access to financial protection both benefits their business and safeguards their employees."
Posted by Jo Morgan
