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‘Free agent economy’ puts focus on employee finances

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in Compensation and Benefits,Human Resources

Employees are taking more responsibility for financial planning, according to Financial Finesse, a company that helps workers learn to manage their money. Responding to a new poll, 47% of employees said they have taken a risk tolerance assessment, compared to 44% in 2012. Thirty-six percent said they regularly rebalance their investment accounts, up from 31% in 2012.

Greg Ward, a director at Financial Finesse, says the uptick in proactive planning signals a broader trend: “Employees are adapting en masse to a new ‘free agent’ economy where they must take responsibility for their own financial security rather than relying on financial support from their employers or the government.”

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