Employers in the United States are becoming increasingly concerned over employees' financial well-being, and are planning to shift plan resources to help employees retire in a timely manner.
That's according to research from Willis Towers Watson, which found that 39 percent of employers that offer a defined benefit and defined contribution plan view their employees' retirement readiness as a current risk, thanks to the business implications of a stagnant workforce, potentially higher labor costs and lower productivity. Even more — 44 percent — view it as a risk two years from now.
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