The Employee Experience

Driving Employee Loyalty

 

Optimizing Plan Design

Techniques from behavioral science that will help you optimize your benefits offerring.

 

Framing Communications

Latest thinking on the best way to frame your benefits communications.

 

Boosting Savings

Check out the following ideas to inspire your own savings campaigns

 

Optimizing Plan Design
  • Optimizing Plan Design
  • Framing Communications
  • Boosting Savings

Addressing Participant Behaviors

EXPLORE

The 3Bs Framework

Changing employees’ behavior isn’t easy, but Kristen Berman’s “3Bs Framework” puts the goal within reach. In this video, Berman breaks down her three-part strategy and explains why it’s so effective in the workplace.

LEARN

Make it Easy

Want to help someone make a financial decision? Make it easy for them. Leading behavioral economist Richard Thaler talks to SSGA about how automation within DC plans can help mitigate behavioral biases for plan sponsors and participants alike.

DO

Ways to Take Action

Interested in incorporating the 3B Framework and automated features into your plan’s design? Plot the course for your strategy using our “roadmap” to guide you. Then, take a few minutes to fill out the corresponding worksheet to define a tactical approach specific to your employee base.

Addressing Participant Behaviors

EXPLORE

What Drives Employee Loyalty?

Want to increase your employees’ loyalty and motivation? Monetary rewards may not be the only answer. In this video, Kristen Berman of Irrational Labs explains why offering “social rewards” to employees can have a powerful impact on their engagement.

LEARN

Three Ideas to Frame Benefits

What’s the best way to design and communicate your benefits package? In this video, Kristen Berman of Irrational Labs provides three guiding principles, based on research insights from behavioral economics.

DO

Gift Employees With a Financial Consultation

Consider launching an “employee appreciation” campaign in which you offer employees a free consultation with a financial coach. Establishing a dialogue with an expert may help increase their financial awareness and boost employee engagement within your DC plan. Reduce barriers by prescheduling the consultation session for the employee.

Addressing Participant Behaviors

EXPLORE

Mindset Matters

Habits are tough to make and break, which is why it’s difficult to instill savings habits in your employees. A better approach is to focus on shifting your employees’ mindsets about saving, says Kristen Berman of Irrational Labs. She explains how in this video.

LEARN

Savings Bootcamp Guide

Amping up your fitness routine requires motivation. The same goes for saving for retirement. Read our three-part guide to launching a “Savings Boot Camp” for your employees, and find out how you can nudge them to save more through the use of fun, motivational, fitness-inspired messaging. Who knows? You might just start a financial fitness revolution.

DO

Savings Boot Camp Sample Brochure

Ready to put your Savings Boot Camp into action? Challenge your employees to flex their savings muscle by inviting them to increase their 401(k) contributions for a set period. Consider utilizing this sample step-by-step guide, inspired by fitness boot camp programs, to motivate and empower your employees to save more.

Learn More

Have a question about or need help guiding your employees through retirement planning and financial decision making?

CONTACT US