Firms Are Shaking Up Benefits To Keep Workers From Quitting. The Retirement Plan Could Be Next.
As resignations soar and the war for talent heats up amid a tight labor market, companies are turning to any tool at their disposal—even the normally staid retirement plan—to attract and retain workers. KPMG, the global accounting and consulting firm, announced to employees on Monday the most significant overhaul to its benefits plan in more than 10 years. The firm said it will reduce the cost of health premiums to employees by 10%, expand its paid family leave and add...