Companies Benefit from Offering Employees a Retirement Planning Course

The need for U.S. adults to learn how to plan for a secure financial future is greater than ever before as the Baby Boomer and X generations reach retirement age. Now workplaces are beginning to recognize the value of presenting a retirement planning course for employees. Companies glean many benefits from offering such programs, some of which CEOs and managers may not be aware.

Promoting financial wellness through a retirement presentation is one way companies can build the personal finance capabilities of employees. Besides the clear direct impact on employees’ money skills, such a retirement course also gives employees a renewed sense of financial security that can help relieve job stress and increase productivity. And when employees feel empowered with financial competency, they’re likely to waste less company time dealing with personal money issues.

The NFEC offers a retirement planning presentation that employers can adapt to the unique needs of their workplaces. The Road to Retirement series offers a variety of solutions to promote workplace financial education, from in-house classes to full-service employee educational programs. These financial literacy course offerings include resources, training, and support—all designed to align with the company’s individual business objectives. These programs are far more than just bullet points on a PowerPoint presentation. They include training, internal promotions, continuing education materials, and assessments to measure program impact—everything a company needs to host a professional-level workplace financial education initiative.

In addition to these listed benefits, the NFEC workplace education packages can serve as important ERISA training for an organization. The Department of Labor has created guidelines outlining company fiduciary responsibilities for ERISA compliance. The NFEC has designed a workshop that covers these guidelines plus describes how offering an independent employee financial education program can reduce liability and strengthen the workforce.