According to the Morgan Stanley State of the Workplace Financial Benefits study, employees are reducing their retirement contributions due to the impact of inflation. And workers are increasingly looking to their employers for support.
Employers should consider listening, since money-related stress is a major performance inhibitor. More than 70% of employees report that financial stress is affecting their work life.
What are employees looking for? The top ask is access to a financial advisor, followed by investment planning, retirement calculators and tools, and retirement planning workshops.