From the course: Helping Your Employees Meet Retirement Goals

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Key features of a successful program

Key features of a successful program

From the course: Helping Your Employees Meet Retirement Goals

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Key features of a successful program

- As a part of the HR team you've probably had to explain a complicated array of benefits to your new hires. And maybe you've wondered if these benefits are truly helpful to your employees. There are many features that you can build into your programs to make sure they're effective, and they apply to any retirement program you're offering. So let's see what a successful retirement plan looks like and define best practices. To begin with, a successful retirement plan is comprehensive and addresses six critical financial issues, saving, managing debt, budgeting, cash flow, investing, and they include direction about managing retirement accounts. A successful program is also committed. This is not a one off event. Make sure there's a long-term budget allocation for your program and be patient. This is a continuous reinforced, reevaluated program. Financial improvements happen incrementally over time. Success is measured in years not months. Successful programs are appropriate. They…

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