How an employer brings in the best talent to a company’s workforce
depends upon the level of job attractiveness that is offered. Aside from
the basic medical
benefits package included in the hiring bid, a strong retirement plan is absolutely
essential. Obviously, it is unwise to rely on employees of the top talent to
be satisfied with monthly social security checks twenty years into their retirement.
Furthermore, many top workers have even higher standards than the minimal pensions
that many employers dole out. Indeed, choosing a competitive retirement plan
is fundamental to retaining the most qualified employees, as well as to reducing
the high rate of turnover that plagues so many businesses today. By setting
up accounts for employees in the entry level all the way up to the highest
positions, an employer can provide advantages that many individuals could not
otherwise obtain. For a promising new employee, it may be a challenge for him
or her to individually set up a Roth IRA plan with his or her limited funds.
When the employee can sign on to a company that does it easily, the talent
has more incentive. For the higher paid executives, the advantages of a Roth
include taking money out tax-free.
The Tools & Techniques of Employee Benefit and
The International Foundation of Employee Benefit Plans
offers books and research reports on a variety of
employee benefit topics.
Retirement Planning Associates - Pension
Retirement Planning Associates are expert consultants
in the fields of Stocks, Bonds, Social Security, Mutual
Funds, Annuities, Life Insurance, Estate Planning,
Trusts, Taxes, Pension Plans, ...