401(k) participation hints at employees’ longevity — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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401(k) participation hints at employees’ longevity

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in Human Resources

If you're wondering whether a new employee will stick around, look at whether he or she signed up for your retirement plan. A new study confirms that employees who forgo employers' retirement plans also tend to change jobs frequently.

The Charles W. Cammack Associates study of 115,00 employees found that the turnover rate for nonparticipating employees (25 percent) ran more than double the turnover rate for employees who chose to participate (10 percent). 

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