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27 Feb 2024

How helping employees reach financial goals can retain talent

40% of employees need guidance to help achieve their financial goals, according to research

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Just when you thought the ‘great resignation’ had peaked, a recent report from PWC says otherwise: 26% of employees say they plan to quit their job in the next 12 months, an increase of 19% from last year.

It’s safe to say, employers will most likely be battling retention and attraction in 2024 with a focus on turnover, talent shortages and skills gaps. The question is how can organisations operating in a tight budget environment engage and retain talent?

But there is a simple way to keep your employees committed this year – find out their goals (life, financial, work), and support them until they succeed. Nudge’s recent research revealed that 40% of employees are seeking guidance to help achieve their financial goals, yet only 56% believe they are unachievable. This outlines a big opportunity to help improve the lives of your employees - and keep them happy, hopeful and dedicated.

Change is possible

The start of the year is a perfect time to find out what people want to achieve in 2024. Nudge’s 2024 Global Financial Wellbeing Calendar plots key 2024 dates in personal finance making it easy to plan ahead. The calendar has top tips for you to support your people’s financial wellness - no matter where they are in the world.

An important date on your calendar is 8 March - International Women’s Day

At the current rate of progress it will take 131 years for the gender pay gap to reach full parity. Let’s make 2024 the year we make significant changes to the financial gender gaps worldwide. Take the opportunity during International Women’s Day to organise training sessions that highlight some of the different financial experiences among your people.

Scratching the surface

International Day of Education and International Women’s Day only scratch the surface when it comes to important awareness days to keep your employees engaged and focused on their financial goals for the year.

Help your employees and take the stress out of planning with our 2024 global financial wellbeing calendar, or join our webinar with Accenture on 20 March to bring programme planning to life with experts in your industry.

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In partnership with Nudge

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