Retirement Readiness Analytics
Retirement Readiness Analytics can help you create an action plan.
Employers across Canada are recognizing the importance of improving their employees’ financial wellness. To help employers gain deeper insights into how they can do just that, Mercer’s Financial Wellness Index, which benchmarks a broad range of factors including financial stress, indebtedness, savings and retirement readiness. Equipped with this robust information, we can help employers develop a comprehensive financial security strategy that supports their employees — and their organization.
The gradual shift from defined benefit to defined contribution retirement programs has prompted employers to take a closer look at how well they prepare employees for retirement. However, many employers are lacking the specific metrics and benchmarks they need to measure the success of their HR strategy, employee outreach, and non-investment-related plan governance.
First of its kind, the Mercer Financial Wellness Index is a baseline analysis for employee financial wellness. Employers can now assess their employees against the broader Canadian workforce and evaluate gaps, challenges and opportunities.
By utilizing this robust benchmarking data, we can help you:
According to the Mercer Canada Financial Wellness survey, when employees are not worried about their finances, they are more productive and engaged at work. We can help you improve your employees engagement and wellness in numerous ways including the following:
Benefits of working with Mercer:
By partnering with Mercer, employers can better understand their workforce metrics and identify areas for improvement. Together, we can implement a customized financial wellness plan that can support employees today, tomorrow and for years to come.
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