Employees of all ages should have the tools to plan for retirement

With HR software solutions, HR teams can have an easier answer to give employees when they come forward with questions pertaining to their retirement.

With HR software solutions, HR teams can have an easier answer to give employees when they come forward with questions pertaining to their retirement.

With recent research showing that less than half of employees consider themselves financially ready for retirement, companies across all industries should ensure they have tools in place to help their workers succeed. Each organization's 401(k) options might differ, but all staff should understand what is available to them and be able to find out more information whenever they need to.

This is where comprehensive human resources software solutions can come into play. HR teams can then have an easier answer to give to employees when they come forward with questions pertaining to their retirement. Additionally, workers will have access to their own payroll data, and can create stronger savings plans.

Employees at any age can benefit from these tools, as workers in their 40s are beginning to find that they might have to delay retirement. According to the Conference Board, the number of workers between 45 and 60 who said they need to delay when they stop working jumped from 42 percent in 2010 to 62 percent in 2012.

Sharla Jessop, a Utah-based certified financial planner, told the Desert News that a number of employees are realizing that they do not enough money to retire.

"We see them at age 65 thinking that, but we also see people in their late 50s and early 60s, and they have this desire to retire," she said. "And they're not going to be able to. They're not going to have the funds."

HR software will not guarantee that employees will retire when they originally planned, but it will guarantee that all of the information they need to create financial stability is available to them.