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my soapbox

March 15th, 2007 at 10:33 pm

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.

6 Responses to “my soapbox”

  1. living_in_oz Says:

    Smile Awesome! It's good to know that you're helping someone out!

  2. littlemama Says:

    I wish when I was a new hire, when I was younger, that someone would have suggested that to me. Most of the time they just don't care. So good for you trying to help. Kuddos!

  3. Thrifty Ray Says:

    You just keep on telling them. You are planting seeds.
    Once you've explained, it is their decision whether or not to join...but at least it is their decision and not ignorance of the options available.

    Kudos to you!!!

  4. Ima saver Says:

    I try and do that too. Most don't listen, but some do!

  5. Joan.of.the.Arch Says:

    Don't you suppose they look at their would-be contribution as a pay cut? And think of it as a bird at hand being worth two in the bush?

  6. fairy74 Says:

    Good for you, you're helping them more than you know Smile

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