Trust Earned, Loyalty Returned: The Power of Retirement Benefits
Building genuine employee trust starts with showing you care about their future, not just their productivity. Learn how retirement plans can create lasting loyalty.
For today's employers, building genuine trust with your workforce has become more critical than ever.
While salary and job perks remain key recruitment tools, employee retention and loyalty require more than simply the basics. By offering a comprehensive retirement plan, your organization can prove its commitment to your employees and their future.
Building a foundation of trust
ADP Research shows that employees with a strong sense of motivation at work and commitment to their jobs are least likely to seek new opportunities, reducing the costly cycle of turnover. These workers demonstrate the strongest connections to their work, colleagues and employers, creating the foundation for lasting organizational loyalty.
Retirement benefits show that you view employees as partners in building something lasting. When employees see you're willing to help secure their financial future, it builds authentic loyalty that benefits both parties for years to come.
Beyond the retirement plan basics
The most effective retirement plans include features and options that address real employee needs. Consider the following:
- Automatic enrollment — Demonstrates a commitment to employee financial wellness, even when workers might not prioritize it themselves.
- Professional investment management — Shows you've done the research to ensure employees receive maximum value from their contributions.
- Flexible contribution structures and options — Accommodate employees at different life stages and income levels.
- Employer matching programs — Provide immediate return on employee investment.
- Online retirement planning tools — Give employees easy access to personalized projections and guidance.
- A diverse investment menu — Allows employees to build portfolios that match their risk tolerance and goals.
- Seamless payroll integration — Helps ensure that contributions are processed smoothly and accurately — and without the added administrative burden on HR.
Because trust is earned
The trust factor in employee relationships is created through consistent actions that show genuine care for employee well-being. And a comprehensive retirement plan can serve as the groundwork of this commitment to your people.
ADP offers a wide range of plan options and features to meet the needs of employees and your organization. To learn more, reach out to an ADP retirement services specialist or call (800) 432-401K.
ADP, Inc., and its affiliates do not offer investment, tax, or legal advice to individuals. Nothing contained in this article is intended to be, nor should be construed as, particularized advice or a recommendation or suggestion that you take or not take a particular action. Questions about how laws, regulations, guidance, your plan's provisions, or services available to participants may apply to you should be directed to your plan administrator or legal, tax or financial advisor. Investment options in the "ADP Direct Products" are available through either ADP Broker-Dealer, Inc. (ADP BD), Member FINRA, an affiliate of ADP, Inc., One ADP Blvd, Roseland, NJ 07068 or (in the case of certain investments) ADP, Inc.
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