I work with our new hires at work. Most are low paid employees. It's not part of what I should be talking about, but I usually ask if they understood the benefits as I can explain them again if they have questions and then I tell them something like "this is my personal opinion, but I feel I should say this" and then I make it a point of talking about the 401K and how they really should invest. If you don't put in you don't get a match. It's really not a huge amout of money (50% up to the first 4%), but it's free money - like a raise. That 4% of $1000 is only $40. That out of their paycheck its like $25-30. Usually the new hires just laugh, but I actually think one got it today. I explained how I add in my raise each year. I never had the money before so I don't miss it and I really think she got it. So nice to see.
March 15th, 2007 at 10:33 pm