Where does trust come from? Is it through words and promises? Actions? Something indefinable?
The truth is, all the assurances and kind deeds in the world won’t build trust if someone doesn’t believe they have a future with you. Trust is the residual of fulfilled promises and enduring commitments between each other.
You build trust by keeping your word, by straight communications, and by making and keeping commitments made. This is not a one time event. It is continuously ongoing.
It is taking care of the current and future needs of each other – it’s a two way street. The employer delivering this to the employee, and the employee reciprocating by providing this to the employer.
Building and growing a successful business is tough. It takes competent, enthusiastic and committed employees to do it right, but it can seem tough sometimes to square what those employees want with what the business needs.
This is usually a false dichotomy.
You can build enormous value for your employees, establishing the trust required for them to do their best work in a cost effective way that can also save money.
How? By providing for their current and future needs. The two benefits most important for attracting and retaining a great team are medical coverage and retirement benefits.
You can build trust and show your commitment for current employee concerns by offering a medical coverage benefit, and cementing this by providing a long-term retirement benefit as well.
The best way to do this is through a properly designed retirement plan, that can be surprisingly low cost and can drive employee satisfaction.
How to Design a Great Retirement Plan
Hire the right people.
At Confidence Wealth Management we work with employers, trustees, and human resources on employer-sponsored plans.
We specialize in designing custom-made plans and implementing retirement plan services that move you toward your goals and the best results for the company, the plan, and the participants.
We create winning strategies and solutions for our clients. Click below to set up a consultation or contact us for more information.
