2006-08-08 06:57:03 · 7 answers · asked by mia200120022003 1 in Business & Finance ➔ Other - Business & Finance
It all has to do with incentive packages. For example if some employees are willing to work for less money upfront if there employer is willing to compensate them with generous annual contributions to there retirement packages. That being said people want the most benifit for the time they have to spend at work so naturally if someone offered you more money for the same amount of work then of course you would switch companies. Also most of these retirement incentives are not Taxable until you cashout meaning it could save you money on near future taxes.
2006-08-08 07:06:15 · answer #1 · answered by levindis 4 · 0⤊ 0⤋
Many employees are seeking a retirement plan that offers a secure income for the post-work years. Employees that are interested in this benefit will migrate to employers who offer this benefit. For a legal view of this issue see the link below.
2006-08-08 07:06:09 · answer #2 · answered by david42 5 · 0⤊ 0⤋
Well, in the case of Enron and others, the employee retirement plans were gutted by top executives before going bankrupt. That money is still unaccounted for in some cases, and employees lost their retirement savings.
2006-08-08 07:07:04 · answer #3 · answered by water boy 3 · 0⤊ 0⤋
Well, being that social security may not be available for some in the future... if a company does not offer a compensatory retirement plan, most people will leave that company for one that offers a more competitive retirement plan. People are becoming more concerned about what a company offers them in benefits, especially when retirement in concerned.
2006-08-08 07:02:47 · answer #4 · answered by Happy Health Coach 1 · 0⤊ 0⤋
As you get older the companies don't want to pay into your retirement plans anymore so they end up letting you go for some reason or another.
2006-08-08 07:00:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If the retirement plan is crummy, then people will leave the company for greener pastures.
2006-08-08 06:59:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Turn over is a matter of quitting your job so i don't see the relation unles employee are not satisfied with their benefits...
2006-08-08 06:59:54 · answer #7 · answered by ? 2 · 0⤊ 0⤋