Pulse - October 2021 - 16

TOOLS FOR SUCCESS
How 401(k)s Can Help
Recruit and Retain Employees
Roger Lee
F
our in five employees indicate
they want benefits and perks
more than a pay raise, and a
401(k) ranks in the top five requested
benefits, according to a recent Glassdoor
survey1
. On top of that, when
it comes to millennials, benefits are
particularly appealing - 90 percent
of employees 18 to 34 years old say
they would prefer benefits over pay.
While offering " fun " perks such as ping
pong tables, happy hours, and stocked
snack corners can be gratifying in the
short-term, top candidates are focused on
long-term benefits. Many are evaluating a
company's 401(k) offering when choosing
which companies to apply to or deciding
between multiple job offers.
With a tight labor market and recent
trends surrounding retirement concerns,
offering a high-quality 401(k) plan is an
essential tool to add to your HR toolbox.
Attracting, recruiting and retaining
employees is a costly and time-consuming
process. That's why it's imperative to bring
in top candidates and hire them with the
intent of keeping them at your company as
long as possible.
Here are three ways a high-quality
401(k) can help your recruiting and retention
efforts:
1. Attract top talent and build
high-performing teams
Fifty-one percent of employees joined
their current employer largely because
it offered a retirement plan, according
to a survey by Willis Towers Watson2
.
Offering a 401(k) shows potential
candidates that you care about
your employees' financial well-being
- even into retirement.
Companies can appeal to job seekers
by demonstrating they are committed
for the long-term with meaningful
benefits like a 401(k) plan,
which enforce a level of seriousness
16
and credibility on the part of the
employer.
2. Tip the
balance
company's favor
Top candidates will have multiple
offers with fairly equivalent salaries.
A top-notch 401(k) benefit can be a
" tie-breaker " for these candidates and
will enforce a strong company culture
around taking care of employees.
Competing on salary is a battle that
is hard to win - there will always be
another company that's willing to
pay more. However, thoughtful, longterm
benefits that are financially beneficial,
like an employer-sponsored
401(k), can really set you apart.
3. Increase employee retention
As top employees get recruited by
other firms, 401(k)s are a great safeguard
- if your company's 401(k) or
con gtinued
OCTOBER 2021
PULSE
in your
With a tight labor
market and recent
trends surrounding
retirement concerns,
offering a high-quality
401(k) plan is an
essential tool to add to
your HR toolbox.

Pulse - October 2021

Table of Contents for the Digital Edition of Pulse - October 2021

Pulse - October 2021
Chapter Meetings & Calendar
President’s Perspective
Pulsepoints
SCVMA Profile
Walking in Someone Else’s Shoes
Practical Pathology
Medical Leeway
UC Davis Update
Tools For Success
Angel Fund
Dear Tabby
The RVT
Industry Insights
Quick Reference
AVMA Diplomates
Digital Photography For Veterinarians
Resources
Disease Table
From The SCVMA Office
Pulse - October 2021 - Pulse - October 2021
Pulse - October 2021 - Cover2
Pulse - October 2021 - 1
Pulse - October 2021 - 2
Pulse - October 2021 - Chapter Meetings & Calendar
Pulse - October 2021 - President’s Perspective
Pulse - October 2021 - Pulsepoints
Pulse - October 2021 - 6
Pulse - October 2021 - 7
Pulse - October 2021 - 8
Pulse - October 2021 - SCVMA Profile
Pulse - October 2021 - Walking in Someone Else’s Shoes
Pulse - October 2021 - 11
Pulse - October 2021 - 12
Pulse - October 2021 - Practical Pathology
Pulse - October 2021 - Medical Leeway
Pulse - October 2021 - UC Davis Update
Pulse - October 2021 - Tools For Success
Pulse - October 2021 - 17
Pulse - October 2021 - Angel Fund
Pulse - October 2021 - Dear Tabby
Pulse - October 2021 - 20
Pulse - October 2021 - The RVT
Pulse - October 2021 - Industry Insights
Pulse - October 2021 - Quick Reference
Pulse - October 2021 - AVMA Diplomates
Pulse - October 2021 - Digital Photography For Veterinarians
Pulse - October 2021 - 26
Pulse - October 2021 - 27
Pulse - October 2021 - 28
Pulse - October 2021 - Resources
Pulse - October 2021 - 30
Pulse - October 2021 - Disease Table
Pulse - October 2021 - 32
Pulse - October 2021 - 33
Pulse - October 2021 - 34
Pulse - October 2021 - 35
Pulse - October 2021 - 36
Pulse - October 2021 - 37
Pulse - October 2021 - 38
Pulse - October 2021 - 39
Pulse - October 2021 - 40
Pulse - October 2021 - 41
Pulse - October 2021 - 42
Pulse - October 2021 - 43
Pulse - October 2021 - 44
Pulse - October 2021 - 45
Pulse - October 2021 - 46
Pulse - October 2021 - 47
Pulse - October 2021 - 48
Pulse - October 2021 - 49
Pulse - October 2021 - 50
Pulse - October 2021 - 51
Pulse - October 2021 - From The SCVMA Office
Pulse - October 2021 - Cover3
Pulse - October 2021 - Cover4
https://www.nxtbook.com/nxtbooks/scvma/pulse_202501
https://www.nxtbook.com/nxtbooks/scvma/pulse_202412
https://www.nxtbook.com/nxtbooks/scvma/pulse_202411
https://www.nxtbook.com/nxtbooks/scvma/pulse_202410
https://www.nxtbook.com/nxtbooks/scvma/pulse_202409
https://www.nxtbook.com/nxtbooks/scvma/pulse_202408
https://www.nxtbook.com/nxtbooks/scvma/pulse_202407
https://www.nxtbook.com/nxtbooks/scvma/pulse_202406
https://www.nxtbook.com/nxtbooks/scvma/pulse_202405
https://www.nxtbook.com/nxtbooks/scvma/pulse_202404
https://www.nxtbook.com/nxtbooks/scvma/pulse_202403
https://www.nxtbook.com/nxtbooks/scvma/pulse_202402
https://www.nxtbook.com/nxtbooks/scvma/pulse_202401
https://www.nxtbook.com/nxtbooks/scvma/pulse_202312
https://www.nxtbook.com/nxtbooks/scvma/pulse_202311
https://www.nxtbook.com/nxtbooks/scvma/pulse_202310
https://www.nxtbook.com/nxtbooks/scvma/pulse_202309
https://www.nxtbook.com/nxtbooks/scvma/pulse_202308
https://www.nxtbook.com/nxtbooks/scvma/pulse_202307
https://www.nxtbook.com/nxtbooks/scvma/pulse_202306
https://www.nxtbook.com/nxtbooks/scvma/pulse_202305
https://www.nxtbook.com/nxtbooks/scvma/pulse_202304
https://www.nxtbook.com/nxtbooks/scvma/pulse_202303
https://www.nxtbook.com/nxtbooks/scvma/pulse_202302
https://www.nxtbook.com/nxtbooks/scvma/pulse_202301
https://www.nxtbook.com/nxtbooks/scvma/pulse_202212
https://www.nxtbook.com/nxtbooks/scvma/pulse_202211
https://www.nxtbook.com/nxtbooks/scvma/pulse_202210
https://www.nxtbook.com/nxtbooks/scvma/pulse_202209
https://www.nxtbook.com/nxtbooks/scvma/pulse_202208
https://www.nxtbook.com/nxtbooks/scvma/pulse_202207
https://www.nxtbook.com/nxtbooks/scvma/pulse_202206
https://www.nxtbook.com/nxtbooks/scvma/pulse_202205
https://www.nxtbook.com/nxtbooks/scvma/pulse_202204
https://www.nxtbook.com/nxtbooks/scvma/pulse_202203
https://www.nxtbook.com/nxtbooks/scvma/pulse_202202
https://www.nxtbook.com/nxtbooks/scvma/pulse_202201
https://www.nxtbook.com/nxtbooks/scvma/pulse_202112
https://www.nxtbook.com/nxtbooks/scvma/pulse_202111
https://www.nxtbook.com/nxtbooks/scvma/pulse_202110
https://www.nxtbook.com/nxtbooks/scvma/pulse_202109
https://www.nxtbook.com/nxtbooks/scvma/pulse_202108
https://www.nxtbook.com/nxtbooks/scvma/pulse_202107
https://www.nxtbook.com/nxtbooks/scvma/pulse_202106
https://www.nxtbook.com/nxtbooks/scvma/scvma/pulse_202105
https://www.nxtbook.com/nxtbooks/scvma/pulse_202104
https://www.nxtbook.com/nxtbooks/scvma/pulse_202103
https://www.nxtbook.com/nxtbooks/scvma/pulse_202102
https://www.nxtbook.com/nxtbooks/scvma/pulse_202101
https://www.nxtbook.com/nxtbooks/scvma/pulse_202012
https://www.nxtbook.com/nxtbooks/scvma/pulse_202011
https://www.nxtbook.com/nxtbooks/scvma/pulse_202010
https://www.nxtbook.com/nxtbooks/scvma/pulse_202009
https://www.nxtbook.com/nxtbooks/scvma/pulse_202008
https://www.nxtbook.com/nxtbooks/scvma/pulse_202007
https://www.nxtbook.com/nxtbooks/scvma/pulse_202006
https://www.nxtbook.com/nxtbooks/scvma/pulse_202005
https://www.nxtbook.com/nxtbooks/scvma/pulse_202004
https://www.nxtbook.com/nxtbooks/scvma/pulse_202003
https://www.nxtbook.com/nxtbooks/scvma/pulse_202002
https://www.nxtbook.com/nxtbooks/scvma/pulse_202001
https://www.nxtbook.com/nxtbooks/scvma/pulse_201912
https://www.nxtbook.com/nxtbooks/scvma/pulse_201911
https://www.nxtbook.com/nxtbooks/scvma/pulse_201910
https://www.nxtbook.com/nxtbooks/scvma/pulse_201909
https://www.nxtbook.com/nxtbooks/scvma/pulse_201908
https://www.nxtbook.com/nxtbooks/scvma/pulse_201907
https://www.nxtbook.com/nxtbooks/scvma/pulse_201906
https://www.nxtbook.com/nxtbooks/scvma/pulse_201905
https://www.nxtbook.com/nxtbooks/scvma/pulse_201904
https://www.nxtbook.com/nxtbooks/scvma/pulse_201903
https://www.nxtbook.com/nxtbooks/scvma/pulse_201902
https://www.nxtbook.com/nxtbooks/scvma/pulse_201901
https://www.nxtbook.com/nxtbooks/scvma/pulse_201812
https://www.nxtbook.com/nxtbooks/scvma/pulse_201811
https://www.nxtbook.com/nxtbooks/scvma/pulse_201810
https://www.nxtbook.com/nxtbooks/scvma/pulse_201809
https://www.nxtbook.com/nxtbooks/scvma/pulse_201808
https://www.nxtbook.com/nxtbooks/scvma/pulse_201807
https://www.nxtbook.com/nxtbooks/scvma/pulse_201806
https://www.nxtbook.com/nxtbooks/scvma/pulse_201805
https://www.nxtbook.com/nxtbooks/scvma/pulse_201804
https://www.nxtbook.com/nxtbooks/scvma/pulse_201803
https://www.nxtbook.com/nxtbooks/scvma/pulse_201802
https://www.nxtbook.com/nxtbooks/scvma/pulse_201801
https://www.nxtbook.com/nxtbooks/scvma/pulse_201712
https://www.nxtbook.com/nxtbooks/scvma/pulse_201711
https://www.nxtbook.com/nxtbooks/scvma/pulse_201710
https://www.nxtbook.com/nxtbooks/scvma/pulse_201709
https://www.nxtbook.com/nxtbooks/scvma/pulse_201708
https://www.nxtbook.com/nxtbooks/scvma/pulse_201707
https://www.nxtbook.com/nxtbooks/scvma/pulse_201706
https://www.nxtbook.com/nxtbooks/scvma/pulse_201705
https://www.nxtbook.com/nxtbooks/scvma/pulse_201704
https://www.nxtbook.com/nxtbooks/scvma/pulse_201703
https://www.nxtbook.com/nxtbooks/scvma/pulse_201702
https://www.nxtbook.com/nxtbooks/scvma/pulse_201701
https://www.nxtbook.com/nxtbooks/scvma/pulse_201612
https://www.nxtbook.com/nxtbooks/scvma/pulse_201611
https://www.nxtbook.com/nxtbooks/scvma/pulse_201610
https://www.nxtbook.com/nxtbooks/scvma/pulse_201609
https://www.nxtbook.com/nxtbooks/scvma/pulse_201608
https://www.nxtbook.com/nxtbooks/scvma/pulse_201606
https://www.nxtbook.com/nxtbooks/scvma/pulse_201605
https://www.nxtbook.com/nxtbooks/scvma/pulse_201604
https://www.nxtbook.com/nxtbooks/scvma/pulse_201603
https://www.nxtbook.com/nxtbooks/scvma/pulse_201602
https://www.nxtbook.com/nxtbooks/scvma/pulse_201601
https://www.nxtbook.com/nxtbooks/scvma/pulse_201512
https://www.nxtbook.com/nxtbooks/scvma/pulse_201511
https://www.nxtbook.com/nxtbooks/scvma/pulse_201510
https://www.nxtbook.com/nxtbooks/scvma/pulse_201509
https://www.nxtbook.com/nxtbooks/scvma/pulse_201508
https://www.nxtbook.com/nxtbooks/scvma/pulse_201507
https://www.nxtbook.com/nxtbooks/scvma/pulse_201506
https://www.nxtbook.com/nxtbooks/scvma/pulse_201505
https://www.nxtbook.com/nxtbooks/scvma/pulse_201504
https://www.nxtbook.com/nxtbooks/scvma/pulse_201503
https://www.nxtbook.com/nxtbooks/scvma/pulse_201502
https://www.nxtbook.com/nxtbooks/scvma/pulse_201501
https://www.nxtbook.com/nxtbooks/scvma/pulse_201412
https://www.nxtbook.com/nxtbooks/scvma/pulse_201411
https://www.nxtbook.com/nxtbooks/scvma/pulse_201410
https://www.nxtbook.com/nxtbooks/scvma/pulse_201409
https://www.nxtbook.com/nxtbooks/scvma/pulse_201408
https://www.nxtbook.com/nxtbooks/scvma/pulse_201407
https://www.nxtbook.com/nxtbooks/scvma/pulse_201406
https://www.nxtbook.com/nxtbooks/scvma/pulse_201405
https://www.nxtbook.com/nxtbooks/scvma/pulse_201404
https://www.nxtbook.com/nxtbooks/scvma/pulse_201403
https://www.nxtbook.com/nxtbooks/scvma/pulse_201402
https://www.nxtbook.com/nxtbooks/scvma/pulse_201401
https://www.nxtbook.com/nxtbooks/scvma/pulse_201312
https://www.nxtbook.com/nxtbooks/scvma/pulse_201311
https://www.nxtbook.com/nxtbooks/scvma/pulse_201310
https://www.nxtbook.com/nxtbooks/scvma/pulse_201309
https://www.nxtbook.com/nxtbooks/scvma/pulse_201308
https://www.nxtbook.com/nxtbooks/scvma/pulse_201307
https://www.nxtbook.com/nxtbooks/scvma/pulse_201306
https://www.nxtbook.com/nxtbooks/scvma/pulse_201305
https://www.nxtbook.com/nxtbooks/scvma/pulse_201304
https://www.nxtbook.com/nxtbooks/scvma/pulse_201303
https://www.nxtbook.com/nxtbooks/scvma/pulse_201302
https://www.nxtbook.com/nxtbooks/scvma/pulse_201301
https://www.nxtbook.com/nxtbooks/scvma/pulse_201212
https://www.nxtbook.com/nxtbooks/scvma/pulse_201211
https://www.nxtbook.com/nxtbooks/scvma/pulse_201210
https://www.nxtbook.com/nxtbooks/scvma/pulse_201209
https://www.nxtbook.com/nxtbooks/scvma/pulse_201208
https://www.nxtbook.com/nxtbooks/scvma/pulse_201207
https://www.nxtbook.com/nxtbooks/scvma/pulse_201206
https://www.nxtbook.com/nxtbooks/scvma/pulse_201205
https://www.nxtbook.com/nxtbooks/scvma/pulse_201204
https://www.nxtbook.com/nxtbooks/scvma/pulse_201203
https://www.nxtbook.com/nxtbooks/scvma/pulse_201202
https://www.nxtbook.com/nxtbooks/scvma/pulse_201201
https://www.nxtbook.com/nxtbooks/scvma/pulse_201112
https://www.nxtbook.com/nxtbooks/scvma/pulse_201111
https://www.nxtbook.com/nxtbooks/scvma/pulse_201110
https://www.nxtbook.com/nxtbooks/scvma/pulse_201109
https://www.nxtbook.com/nxtbooks/scvma/pulse_201108
https://www.nxtbook.com/nxtbooks/scvma/pulse_201107
https://www.nxtbook.com/nxtbooks/scvma/pulse_201106
https://www.nxtbook.com/nxtbooks/scvma/pulse_201105
https://www.nxtbook.com/nxtbooks/scvma/pulse_201104
https://www.nxtbook.com/nxtbooks/scvma/pulse_201103
https://www.nxtbook.com/nxtbooks/scvma/pulse_201102
https://www.nxtbook.com/nxtbooks/scvma/pulse_201101
https://www.nxtbookmedia.com