{"id":14910,"date":"2024-04-02T13:39:50","date_gmt":"2024-04-02T11:39:50","guid":{"rendered":"https:\/\/unequity.com\/?p=14910"},"modified":"2026-04-15T09:23:03","modified_gmt":"2026-04-15T07:23:03","slug":"company-pension-scheme-yes-please","status":"publish","type":"post","link":"https:\/\/unequity.com\/en\/company-pension-scheme-yes-please\/","title":{"rendered":"Company Pension Scheme? Yes, please!"},"content":{"rendered":"\t\t
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Company pension schemes - anything but boring!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The company pension scheme is one of the most important benefits for employees, and offers financial security for their retirement. However, the number of participants in German companies has fallen in the past year, with fewer than half of employees taking advantage of their company\u2019s schemes. What are the reasons for this low uptake, and how can companies improve? <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The Deloitte Company Pension Study 2023\u00b9 provides a comprehensive view of the current situation. In this article, we take a closer look at the key findings of the study, with a particular focus on our area of expertise – communication. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The current situation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Survey<\/strong><\/p>

If you were to change jobs, would an employer-financed company pension scheme be a deciding factor?<\/p>

49% \u2013 Yes, important
34% \u2013 Yes, but not that important<\/strong><\/p>

Company pension scheme participants (employer-financed company pension scheme and deferred compensation)<\/p>

44% in 2023
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Although a clear majority of employees view the availability of a company pension scheme as valuable when choosing an employer, fewer than half of them actually sign up. Despite \u2013 or perhaps because of \u2013 current inflation, employees seem to be investing less in savings for their retirement. In comparison to 2022, the number of employees currently interested in a company pension scheme, and the participation rates fell in 2023.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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One of the most important factors for low participation rates in company pension schemes is insufficient communication <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Alongside the current economic situation, which is forcing employees to rethink their budgets, this development is due to a range of issues, including the age and income of respondents, and the company size.
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However, it is interesting to note that regardless of current events, since the first study in 2017, the same two main reasons for lack of participation have been given repeatedly<\/p>

  1. Employees are not offered\u2014or are unaware of the existence\u2014of the company pension scheme.

    <\/li>
  2. Lack of money for retirement savings, especially for low-income workers.\u202f

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    FInitially, as experts in communication, we found the first point particularly relevant. Lack of communication means that employees are insufficiently informed about the pension scheme, or fail to find the plan attractive. If we take a closer look, however, even the second reason is a communication issue, as we can use convincing messaging to motivate lower-income employees to consider long-term savings. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Employees don't know enough about company pension schemes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Even though employees are slightly better informed than in previous years, the following data is still troubling:
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