http://www.hrbenefitsalert.com/401k-matches-on-the-decline/ Daily dose of benefits news and know-how Sat, 18 Jun 2011 21:36:33 +0000 hourly 1 http://wordpress.org/?v=abc http://www.hrbenefitsalert.com/401k-matches-on-the-decline/comment-page-1/#comment-2015 DJC Wed, 14 Jan 2009 17:21:27 +0000 http://www.hrbenefitsalert.com/?p=418#comment-2015 Cutbacks during times of economic troubles are prudent for all concerned. My employer needs to continue to make a profit to stay viable so as to have the need to retain employees such as myself. The question to be answered however is "Where do we cut?". I trust that employers are taking a close look at their entire benefit packages, from 401(k) matching contributions, insurances, paid time off (PTO/Vac/Sic/Holidays, etc) to employee picnic's, holiday parties, wellness programs, etc. Determining what benefit is most important to the employee base will go a long way in helping to make cutback decisions. Keep in mind that once something is gone.....it is very difficult to get it back. I personally would rather loose (even permanantly) the once a year holiday party and/or picnic, the discount gym membership and possibly a paid vacation day or two, than the contributions to my retirement savings account. Cutbacks during times of economic troubles are prudent for all concerned. My employer needs to continue to make a profit to stay viable so as to have the need to retain employees such as myself. The question to be answered however is “Where do we cut?”. I trust that employers are taking a close look at their entire benefit packages, from 401(k) matching contributions, insurances, paid time off (PTO/Vac/Sic/Holidays, etc) to employee picnic’s, holiday parties, wellness programs, etc. Determining what benefit is most important to the employee base will go a long way in helping to make cutback decisions. Keep in mind that once something is gone…..it is very difficult to get it back. I personally would rather loose (even permanantly) the once a year holiday party and/or picnic, the discount gym membership and possibly a paid vacation day or two, than the contributions to my retirement savings account.

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