You could boost employee satisfaction and retention with effective superannuation support
In the fast-paced world of real estate, keeping your team motivated and productive is essential. One often overlooked aspect of employee satisfaction is financial wellbeing, particularly superannuation. As an employer, you have a unique opportunity to support your staff with superannuation, not just as a compliance measure but as a valuable employee benefit.
The importance of superannuation as an employee benefit
Superannuation is more than just a retirement savings plan; it’s a critical component of your employees’ financial health. Our partners, MetLife Australia, have conducted research showing that 69% of employees aged between 40-60 years are concerned about outliving their retirement savings¹ and 70% of employees believe that their super fund plays a crucial role in helping them make informed financial decisions.2
By actively supporting your employees’ superannuation, you can help them feel more secure about their financial future, which can lead to increased job satisfaction and loyalty.
The impact of financial wellbeing on employee retention
Financial stress is a significant factor affecting employee performance and retention. MetLife’s study found that 42% of employees considered leaving their job due to financial stress and work-life balance issues2. By providing robust superannuation support and financial education, you can alleviate some of this stress, helping your employees feel more valued and supported.
Help and support
We understand the unique challenges faced by the real estate industry. Our Business Development Team is dedicated to helping you and your staff navigate superannuation with ease. We offer personalised support and can even visit your workplace to provide practical, effective and tailored education sessions. This hands-on approach ensures your employees are well-informed and confident about their superannuation and overall financial wellbeing.
By prioritising superannuation as a key employee benefit, you could enhance your workplace culture, improve employee retention, and ensure your team feels valued and supported.
For more information, or to schedule a visit from our Business Development Team, please visit our help and support page.
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Additional member benefits
If any of your staff are REI Super members, they also have access to the award-winning virtual health and wellness service MetLife 360Health, 2024 Money Magazine's Health and Wellness Cover of the Year award winner. Not only do REI Super members have access, but so do their families, including partners, children, parents and parents-in-law, at no extra cost. Everything you need to know about the service can be found on our expert medical support page.
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¹ https://www.metlife.com.au/about-us/media-centre/2023/MetLife-partners-with-Generation-Life/
2 https://www.metlife.com.au/content/dam/metlifecom/au/images/thoughtleadership/EBTS-2022.pdf
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The information contained in this article does not constitute financial product advice. However, to the extent that the information may be considered to be general financial product advice, REI Super advises that REI Super has not considered any individual person’s objectives, financial situation or particular needs. Individuals need to consider whether the advice is appropriate in light of their goals, objectives and current situation. Members should obtain and read REI Super's Product Disclosure Statement and Target Market Determination before making any decisions. REI Superannuation Fund Pty Ltd ABN 68 056 044 770 AFSL 240569. RSE L 0000314 REI Super ABN 76 641 658 449 RSE R1000412 MySuper unique identifier 76641658449129. September 2024.
The information about MetLife products and services does not constitute financial, health or medical advice on the part of the REI Superannuation Fund Pty Ltd.
If you have a health or medical concern, please seek professional medical advice immediately. 360Health services are not provided by way of insurance (including health insurance) and the provision of these services is not dependent on the occurrence of an insured event under the policy.