Such recommendations could ultimately help employees to feel more in control of their finances, and consequently more satisfied in their current role. As a result, business owners will save money and resources, which would have otherwise been spent on filling vacancies.
The great resignation should not be oversimplified. Indeed, there will be a plethora of complex issues that prompt an individual’s decision to switch jobs. However, it is important to acknowledge that finances – particularly within the current economic context – will be a factor for many.
It is the duty of advisers to help their business-owning clients understand the various ways in which they can help employees to better understand and take control of their finances.
Doing so would certainly mark a positive step to improving job retention, and consequently improving the financial position of their clients.
Chieu Cao is chief executive of financial wellbeing platform Mintago
