Retirement readiness analytics

As employees take on increasing responsibility for their retirement planning, many are losing ground in the quest to become “retirement ready.” This has serious implications for individuals, companies and society alike. At Mercer, we believe it’s time for a more balanced solution for retirement planning — one that offers employees control over their financial choices while providing enhanced employer guidance and oversight.

Traditional methods of evaluating retirement programs don’t tell you whether your program is meeting its core objective: helping employees achieve a comfortable retirement at a reasonable age. Mercer’s retirement-readiness analytics provides a vital enhancement to traditional analysis. We can evaluate your employees’ “retirement-ready age” and help you figure out which actions will have the biggest impact on their long-term financial well-being.

Putting well-being at the forefront

Retirement savings and pension plans are the second-most-valued employer benefit for Canadian workers — and their biggest financial worry – according to Mercer 2022 Inside Employees’ Minds™ survey.

Smart employers are taking action to improve their employees’ financial wellness. They know that employees who feel positive about this aspect of their lives are better engaged and more productive at work. They also understand that financial wellness includes having confidence in one’s readiness to retire.

Knowledge is power

With insights gained from retirement-readiness analytics, you’ll have the information you need to design more effective retirement plans and communication campaigns. This will not only improve the financial wellness of your employees, it can unclog career bottlenecks, close the gender gap and help you better manage your workforce as segments of it reach retirement age.

Retirement is personal

We look at retirement readiness from an employee’s personal perspective. That’s why we use the retirement-ready age — the age when a person can comfortably retire — as the key measure of success.

No two organizations are exactly alike, and no two retirement readiness reviews will be identical. We’ll consider your organization’s plan design, workforce demographics, industry characteristics and more.

Most companies can benefit from certain interventions, such as effective communication and education designed to improve retirement outcomes. The analysis can also help determine the effectiveness of your organization’s plan design in helping employees with their retirement savings. Our “what if” scenarios will help you choose the best strategy — the one with the best chance of delivering retirement readiness success.

The future is now

Get the information you need to make better decisions about your retirement plan strategy so you can improve your employees’ financial wellness.