According to the National Treasury, only 6% of South Africans manage to retire comfortably. For the rest, the dream often doesn’t square up to reality.
High costs of living, debt, inflation and inadequate planning all contribute to this concerning statistic. But it doesn’t only affect your employees once they retire.
The good news is that, as an employer or human capital specialist, you can take steps to guide and educate your employees to start preparing for retirement from a young age, and right from the moment they join your organisation.
Take three minutes to watch Old Mutual’s Head of Customer Research and Value Proposition, Kim-Lee Wentzel-Ricketts, and Nabeela Noorani, Customer Research and Value Proposition Manager, discuss some practical recommendations you can apply in the workplace to help your employees reach their retirement dreams.
And if you’d like to get more of Wentzel-Ricketts and Noorani’s insights, register and read their article in the special edition of our MiNDSPACE publication.