Study: Employee access to financial planning growing

Written on Sep 08, 2017

The number of employers offering financial wellness programs as an employee benefit is growing, according to a new study by Arthur J. Gallagher & Co.

The financial offering is one of several enhancements that many employers are using to help attract and keep talented employees, says Gallagher.

An employer who wants to keep talented employees must offer a strong benefits and compensation plan, according to the 2017 Arthur J. Gallagher & Co. Benefits Strategy & Benchmarking Survey, which collected data from 4,226 employers across the U.S.

The number of employers offering financial programs as part of an overall wellness plan has increased by three percentage points between 2016 and 2017, to 34%, the study says.

Although paid parental leave has received a lot of publicity in recent years, so far only 22% of companies offer it to both fathers and mothers, the report says.

Likewise, only 37% of employers measure the retirement readiness of their employees, Gallagher says.

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