Should Companies Force Employees to Save?

We frequently annoy you about the importance of saving money, but depending on where you work, your boss might start doing it for us.

Realistically, very few companies used to even suggest that their employees save money. It’s not really their concern anyway… or is it? Well, many companies do value employees who are committed to the company for the long run, and that’s why many employers now offer gym memberships, among other benefits. It makes sense, of course; loyal, healthy, happy employees are a great asset in an America where many who are now entering the workforce lack engagement. Well, the last thing a company needs is an employee who goes broke, for any reason.

As a matter of fact, some workplaces have already made it mandatory for employees to save money. Well, it’s not forced at the end of a gun, of course, but many companies are now automatically taking portions of their employees’ paychecks and depositing the money directly into a retirement account. Right now, 73% of employers do this, compared to just 52% in 2009.

Written by  
5 years ago
Article Tags:
· · · ·