Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Small Business

For Employees, Small Is Beautiful


People who work for smaller businesses feel more secure than their counterparts at large corporations, according to a recent survey. Some 51% of employees at outfits with between 11 and 500 workers say they are "not at all concerned" that benefits might be downsized, vs. just 27% of workers at larger businesses who feel the same way.

"Given the visibility of recent layoffs by several prominent companies, it's not surprising that employees of smaller companies might place more trust in their futures," says Dan Houston, senior vice-president of the Principal Financial Group, a provider and manager of some employee benefits, which sponsored the study.

Despite their confidence in stable benefits, small-company employees are hardly free from worry. Some 85% reported being "very concerned" about their financial futures. Other findings of the quarterly survey of 1,000 employees nationwide, conducted by Harris Interactive:

-- 86% of those with retirement savings, mainly in a 401(k) invested in stocks, say they won't switch to more stable investments, despite the fluctuating stock market.

-- 59% are not satisfied with their finances.

-- 27% said they have not yet planned for their retirement. By Theresa Forsman in New York


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus