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Employee Orientation package: explaining 401K plan

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Many companies today offer 401k retirement plans for their employees. A 401k plan can be a great benefit to employees, and is a nice recruiting and retention tool for the company.

At NL&C, this benefit should be discussed during New Employee Orientation, which occurs in a new employee's first week on the job. As part of your role, you are assigned to cover this during orientation. How would you explain this benefit in a way that reaches the audience, is easy for them to understand and emphasizes the advantages of a 401k? How can you make this orientation so effective, that it will result in high participation, less confusion, and fewer phone calls to you for clarification?

Share your thoughts on how to effectively present that benefit during Orientation.

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Solution Summary

This solution answers the following questions: How would you explain this benefit in a way that reaches the audience, is easy for them to understand and emphasizes the advantages of a 401k? How can you make this orientation so effective, that it will result in high participation, less confusion, and fewer phone calls to you for clarification?

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Information included in the employee orientation package needs to be both accurate and relevant to the job and organization's culture. Information needs to include detailed information about the company and its business model, HR Policies that reflect corporate values, Compensation and Recognition, Benefits and Pension, Performance, Training & Development (path to professional growth), Employee and Customer Value Index, Internal Jobs and Recruitment Opportunities (career opportunities and recruitment guidelines). In other ...

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