{"id":15436,"date":"2022-02-03T12:00:55","date_gmt":"2022-02-03T12:00:55","guid":{"rendered":"https:\/\/www.markperlbergcpa.com\/financial-planning-one-of-the-best-employee-benefits-atlanta-businesses-can-offer\/"},"modified":"2022-02-03T12:00:55","modified_gmt":"2022-02-03T12:00:55","slug":"financial-planning-one-of-the-best-employee-benefits-atlanta-businesses-can-offer","status":"publish","type":"post","link":"https:\/\/prosperlcpa.com\/blog\/2022\/02\/financial-planning-one-of-the-best-employee-benefits-atlanta-businesses-can-offer\/","title":{"rendered":"Financial Planning: One of the Best Employee Benefits Atlanta Businesses Can Offer"},"content":{"rendered":"
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This past weekend\u2019s NFL playoff games were maybe some of the best post-season games to watch in a long, long time\u2026 with some of the most unexpected outcomes. Who would have believed that all but one of the top teams from the regular season would be unseated from a Super Bowl trajectory? <\/p>\n

The power of the underdog is not to be underestimated. <\/p>\n

But surprising outcomes and the power of the little guy is a story employers all over the country are all too familiar with right now. <\/p>\n

The Great Reshuffle has businesses everywhere \u2013 large and small, new and old \u2013 scrambling to figure out how to hold onto their employees or even hire new ones. Providing the best employee benefits has become the name of the hiring (and retaining) game these days.<\/p>\n

Financial Planning: One of the Best Employee Benefits Atlanta Businesses Can Offer<\/strong><\/span>
\u201cGive me six hours to chop down a tree and I will spend the first four sharpening the ax.\u201d – Abraham Lincoln<\/i><\/span><\/p>\n

Employee perks are a way of life in business and though they vary from business to business, things like health insurance, PTO, flex time, even Friday donuts are pretty common. However, there\u2019s another perk you might not have considered and could be one of the best your company has to offer: financial planning sessions.<\/span><\/p>\n

In this current economy, with inflation slapping everyone in the face, hooking your Atlanta employees up with financial planning could be beneficial \u2026 for them, and for you.<\/span><\/p>\n

What do you get out of it?<\/strong><\/span><\/p>\n

Did you know that almost<\/span> <\/span>two out of every five<\/span><\/a> Americans can\u2019t comfortably cover an unplanned expense? Odds are at least somebody on your staff could hit lean times if they had to fork it over for a medical problem or an emergency car repair. Money woes are top-of-the-heap troubles for many employees, though they would probably never mention it. <\/span><\/p>\n

And what\u2019s one of the first steps in tackling any problem? Planning. <\/i><\/span><\/p>\n

Frankly, it\u2019s surprising just how little most people think about planning with their money or how much financial literacy is not a priority. And, for the most part, they still don\u2019t teach either subject in school<\/i>. Plus, sitting down with a financial planner remains out of the reach of most American workers mainly because of the cost (but even because of mindset). <\/span><\/p>\n

Imagine how much it would impact your employees if you could help them tackle a scary problem like bad finances? As perks go, offering this could be one of the best employee benefits you offer, and it would make you stand out in their eyes \u2013 and in the eyes of any potential hires they might refer to you when you have jobs to fill.<\/span><\/p>\n

Money woes also serve as a huge distraction for your workers. Helping them with money troubles could result in more engagement at the office. And since money troubles tend to stress people out \u2013 and we all know the toll stress can take on our health \u2013 helping them to have a financial plan means peace of mind for them and better overall health. Added bonus for you: less employee sick time. <\/span><\/p>\n

Helping employees plan with their money can also mean they\u2019re not always pressing for a raise \u2013 or threatening to dump you for better money elsewhere (though offering perks doesn\u2019t take the place of building a great working culture where employees feel seen and their needs cared for \u2013 the best deterrent for employee dissatisfaction). <\/span><\/p>\n

Overall, then, offering financial planning as a perk can be a win-win, pure and simple. <\/strong><\/span><\/p>\n

What if they don\u2019t wanna do it?<\/strong><\/span><\/p>\n

Though offering financial planning sessions could be one of the best employee benefits you offer, the whole idea could flop, that is\u2026 if you just whip it on your people without preparing them for it first. Money is a touchy topic even when all\u2019s well. Nobody\u2019s going to open up about their wants and fears about money unless you make it clear what\u2019s in it for them\u2026 and you have answers ready for their objections.<\/span><\/p>\n

I don\u2019t have enough money to plan with.<\/i> Sitting down with a planner is especially important for these folks, who more than most, need tips and tricks to whittle debt and stick to a budget as they move toward bigger goals like home-owning or retirement saving.<\/span><\/p>\n

I don\u2019t need a planner \u2013 and I\u2019m too old to start planning.<\/i> That\u2019s like somebody claiming they have too many friends\u2026 Is their retirement all locked up? Are they going to pay the kids\u2019 tuition with twenties from under the mattress? People put off thinking about stuff that has no easy answer. Everyone can always do better with money. And it\u2019s never too late to start. <\/span><\/p>\n

I\u2019m not showing some stranger my dirty laundry. <\/i>Any good planner looks forward, not back, with clients. They look to understand<\/i> someone\u2019s past decisions, not judge them. <\/strong><\/span><\/p>\n

I can\u2019t afford a financial planner \u2013 and I can\u2019t find a good one.<\/i> You\u2019ve taken care of this one for them, haven\u2019t you? <\/span><\/p>\n

Speaking of financial planning \u2026<\/span><\/p>\n

How much is this gonna cost me?<\/strong><\/span><\/p>\n

Let\u2019s say you just want a planner to sit down for an hour or so a couple of times a year with your interested staffers. Advisors\u2019 prices for this can vary \u2013 a whole<\/i> lot \u2013 but financial planners\u2019 fees start roughly in the low four figures per day. Hourly fees generally start in the low three figures. <\/span><\/p>\n

It\u2019s been said that how the advisor gets paid plays into their recommendations. For example, fee-only advisors (aka \u201cfiduciaries\u201d) earn money exclusively from fees paid by their clients (you) with no commissions from selling products or trading securities. If you can\u2019t imagine the difference, think back on retirement-plan seminars you\u2019ve gone to that were put on by 401(k) sponsors themselves \u2026 <\/span><\/p>\n

You can check the background of a financial advisor at<\/span> <\/span>BrokerCheck<\/span><\/a>, run by the Financial Industry Regulatory Authority (FINRA). Popular credentials for planners and advisors are Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), and Personal Financial Specialist (PFS). All of these require tons of education and passing tough exams (we\u2019re talking day-long<\/i> tests).<\/span><\/p>\n

We think some sessions with a qualified Atlanta financial advisor could be one of the best employee benefits you end up offering. Financial peace of mind means peace of mind for everyone. If we can help you set that up in any way, just send us an email or contact us through the portal if you’re a current client. <\/p>\n

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We\u2019re here and ready to serve you,<\/p>\n

Mark Perlberg<\/strong><\/p>\n

Mark Perlberg CPA PLLC<\/strong><\/p>\n

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