Workers deserve communication, say experts

Talk can ease financial stress
By Angela Scappatura
|Canadian HR Reporter|Last Updated: 04/20/2009

As workers watch their retirement savings and investments dwindle, it has become increasingly important for employers to talk with staff about the economic instability, said a consultant with Watson Wyatt.

“This is an opportunity for everybody to do a better job and to get more information out there rather than thinking, ‘Oh no, I don’t want to say anything because there isn’t anything good I can say,’” said Jacqueline Taggart, a Toronto-based senior communications consultant. “There is still so much good information people can share right now.”

Nearly one-third of full- and part-time workers said they are not satisfied with the amount of money they are saving for retirement, according to Sun Life Financial’s Canadian and American Unretirement Index surveys.