Saving for retirement was hard enough without a global pandemic — so how can employers help their workforce save for the future now?
Some employers may be wondering if they can even afford to offer retirement benefits at this time. The economy has taken such a sharp downturn that more than 17 million people have filed for unemployment this year after being let go, according to the Bureau of Labor Statistics. To prevent more layoffs, employers may be considering eliminating some of their voluntary offerings; Chad Parks, founder and CEO of Ubiquity Retirement and Savings, says retirement shouldn’t be one of them.
