Here’s one way employees could make up what they’ve lost in their retirement accounts and other investments as a result of this recession.
Work 365 days a year. One in four people said in a recent survey of 1,051 U.S. workers by Capital One Bank they’d work every day of the year if it meant they could double their monthly salary.
Takeaway for employers: Some extra coin means more to employees today than time off — whether it’s vacation time or the weekend. That may be something to think about if you ever need some extra work done in a pinch.
Just how far are workers willing to go during the recession to fatten their wallets? Many have admitted they’d either committed — or would commit — some underhanded acts.
Some interesting findings of the study:
- 27% of respondents said they’d keep any amount of money that they found on the grounds outside their workplace, and
- 15% admitted to secretly withdrawing money from a joint savings account shared with a spouse or partner.
A little assistance
One way you could help employees save a little more: Provide info on setting up new saving accounts in which a small amount of each of their checks is direct deposited into those accounts every pay period.
It’s a great way to build extra savings quickly. And after a few checks, many employees won’t even notice less money is going into their regular accounts.