Press Archive 2007

2007

• How to Measure ROI of Your Financial Education Programs

  One of the most common questions we receive from HR managers is how to measure the return on investment (ROI), or the success, of their financial education programs.

  Best Practices in Compensation & Benefits Newsletter, November 2007

• Financial Finesse and CalPERS selected as Profit Sharing/401k Council of America Announces 2007 Signature Award Winners

  CalPERS and Financial Finesse are selected to receive the Gold award in the Retirement Readiness category.

  PSCA.org, October 2, 2007

• Testimony of Liz Davidson before the Department of Labor’s ERISA Advisory Council Working Group, hearing on “Financial Literacy and the Role of the Employer.”

  “Any firm that offers a retirement plan should provide employees with financial education around how to make informed decisions on how to use these plans to achieve their retirement goals…. The risk … is that employees assume they are set for retirement, only to have a rude awakening when it is time to retire.”

  Liz Davidson, September 19, 2007

• How to Increase Pay Satisfaction With Financial Education Programs

  According to CareerBuilder, 27 percent of job leavers cite compensation and career advancement reasons, making this the principal factor affecting employee turnover. A Virginia Tech study found that employees with high debt levels, who struggle to pay their bills, are up to three times as likely to quit or have performance problems at work. They are also more likely to feel their compensation isn’t fair and ask for pay increases.

  Best Practices in Compensation & Benefits Newsletter, August 2007

• Getting Ready for Retirement III: Generation-X Gets Serious about Planning

  Gen-X will be the first generation to feel the full brunt of current trends – such as increasing longevity, higher retirement ages, more defined-contribution retirement plans and fewer defined-benefit pensions, and potential changes to the Social Security system – that will fundamentally alter the social and financial nature of retirement.

  CFP Board eNewsletter, July 2007

• Best Practices for Educating Younger Employees About Retirement

  Today, most companies are focusing retirement planning efforts on the Baby Boomer generation out of necessity. However, more proactive firms are beginning to take notice of Generations X and Y, understanding that getting these employees to start saving for retirement now will ward off a retirement crisis later.

  Best Practices in Compensation & Benefits Newsletter, June 2007

• Retirement Readiness Programs For Employees Close to Retirement

  A recent USA Today study on retirement preparedness, it was reported that, on average, an American aged 50 to 59 has just over $54,000 saved in a retirement plan at work. Financial planners recommend having at least $1 million to retire comfortably-or more-depending on your lifestyle.

  Best Practices in Compensation & Benefits Newsletter, April 2007

• Educating Your Pre-Retirees

  As Baby Boomers prepare for retirement, companies are scrambling to provide resources to ensure their comfortable retirement.

  Best Practices in Compensation & Benefits Newsletter, February 2007

• 2006 Year in review

  A review of 2006′s most commonly asked questions and topics from callers to our Financial Helpline.

  Financial Finesse, Inc., January 2007