Financial Well-Being Index Reveals Employees’ Concerns (NAPSA)—Afinancial wellbeing survey may help American businesses attract and retain the most qualified employees. The Principal “Financial Well- Being Index™,” a survey of employ- ees at small and mid-sized U.S. businesses, found that despite the longest-running economic boom in America’s history, 74 percent of “Having a good benefits plan encourages me to work harder and perform better" Disagree a Neither Agree or Disagree Agree 0% 10% 20% 30% 40% 50% 60% 70% 80% Source: The Principal Financial Group @ American workers at growing busi- nesses remain “very” concerned aboutthe financial future. When asked what was most important to them, the respondents ranked job securityfirst, Retirement planning and bene- fits an important issues for employees and a way for employers to retain employees. and their long-term financial benefits they wish their company prehensive benefit plan can moti- (34 percent) and 401(k) plans (15 future a close second. The study revealed that a com- vate and improve employee per- formance, as well as increase workforce retention. Seventy-five percent of respondents said that a good benefits package would keep would improve, the top two responses were health insurance percent). Some 37 percent of employees at growing companies reported that their employers cur- rently don’t offer 401(k) plans. Consideringthat thelife span of them at their current companies. Americans continues to lengthen age them to work harder and per- than ever, the study suggests Sixty-seven percent said that a good benefits plan would encourform better. “Offering a strong benefits package is a sure way for growing companies to improve their competi- and that Baby Boomers are approaching retirement age faster employees will put an even greater importance on company-sponsored retirement plans. Almost half of tiveness and retain their top talent U.S. workers expect to receive less than 60 percent of the Social Secu- Houston, senior vice-president, the Principal Financial Group. whentheyretire. The Principal Financial Group in the New Economy,” said Dan The most important company benefits, said respondents, are health insurance, 401(k) plans and pension plans. Asked which rity benefits they are entitled to (www.principal.com) is a leading provider of a wide range offinancial products andservices for businesses and individuals locally.
