Do you know if you’re experiencing “quiet quitting” at your business?
“Quiet quitting” is on the rise, but despite what you may have read, it’s not what it may seem to be.
It’s a reaction to employees feeling overworked, asked to do more than they were hired to do, underappreciated, and under-compensated for the extra role(s) they’ve had to take on.
If you are concerned that quiet quitting may be happening in your company, here are some actions you can take to boost employee morale and create positive results for your firm.
Create a Culture of Value
When employees see that you are thinking not only about their current financial circumstances and work conditions as well as their long-term retirement needs, this can lead to greater appreciation, increased motivation, and goodwill towards the company.
Your employer-sponsored retirement plan can provide a benefit that they will understand and appreciate.
Why? Because contribution matches and profit-sharing in your plan shows them that you not only care about their future, you want that future to be with you and you’re willing to put your money where your mouth is.
That kind of commitment shows appreciation and is a signal to them that you feel they have earned it.
The best part is that it doesn’t have to cost you extra money. It can even save you some.
Design the Right Retirement Plan
A properly designed retirement plan boosts employee enthusiasm at a relatively neutral cost due to tax credits and deductions, but knowing where to start can be a challenge since the devil is in the details.
If you’re an employer and would like to learn about how you can create a positive work culture that fosters employee morale and does so for cheaper, we encourage you to sign up for our retirement plan webinar or give us a call if you’d like us to help you immediately.
We can help you design and manage retirement plans that meet the needs of their employees while helping you avoid the most common mistakes that may trigger an audit.
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 on the link below to set up a consultation or contact us for more information.