'Assurant companies that adapt to evolving remote work preferences are likely to retain top talent, particularly among seasoned professionals nearing retirement, as flexibility has become a crucial factor in career decisions and job satisfaction.' – Kevin Landis, a representative of The Retirement Group, a division of Wealth Enhancement Group.
'Assurant companies that recognize the growing importance of flexible work arrangements will not only improve employee retention but also attract experienced professionals who prioritize work-life balance as they approach retirement.' – Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement Group.
In this article, we will discuss:
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The evolving return-to-office (RTO) policies and how companies like Assurant are reshaping workplace flexibility.
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Employee responses and job market impacts as professionals reassess their career choices in response to stricter in-office mandates.
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The economic and career implications of remote work preferences, particularly for older employees approaching retirement.
Changing labor market dynamics have made workplace flexibility a centerpiece of employment discussions - especially as Assurant firms revise their return-to-office (RTO) plans. That has led many employees to rethink their job situations and search for roles more in line with their preferences for remote or hybrid work.
That trend toward more office-centric work environments marks a shift from the remote work viability of the pandemic era. Taking a page from industry giants, Assurant companies are considering more structured office attendance policies. That potential shift has many employees planning for opportunities that allow more flexibility when telecommuting.
What the workforce says about these changing policies is telling. A Pew Research survey finds that many who have long worked remotely would rethink their roles if they had to work an office schedule. This sentiment echoes more strongly among those who have done full-time remote work - and shows how flexibility helps retain talent.
Tightening labor markets create another hurdle for those seeking remote work. Like it or not, as evidenced by Richard, who is looking into remote roles outside of his current company because of strict RTO policies, competition for flexible positions is growing.
In addition, the corporate view tends to emphasize face-to-face collaboration. Some Assurant leaders, like their counterparts in other firms, argue that on-site work is more collaborative and productive. Yet many employees remain fans of flexibility over fixed-location mandates.
These RTO policies are economically important. For example, commuting costs and time investment are critical when employees consider in-person roles. Steven, a professional weighing his options, calculates a high annual commuting cost that makes remote opportunities attractive despite lower salaries.
Employees like George, an IT specialist, are finding creative ways to keep their work-from-home preferences. With several jobs - including a fully remote position - George keeps his income steady while still allowing him flexible working hours.
Also appearing are new methods of minimal office attendance that allow employees to meet corporate requirements without returning to full-time work habits. Such strategies stress that work arrangement flexibility remains an important aspect of job satisfaction and retention, not just a personal preference.
With a changing labor market, the balance between employee desires for remote work and corporate RTO policies will define future work environments. Companies that understand these preferences and adapt to them will likely see greater retention and satisfaction rates and a more resilient, adaptive workforce.
This shift is especially relevant to the Assurant older workforce, who may value flexible work arrangements as they near retirement. Recent findings suggest flexibility in work schedules is critical for workers over 50 who are considering whether to retire, stay, or search for work elsewhere. Companies with strict RTO policies could lose solid pros who value work-life balance when approaching retirement.
The debate over remote versus office work is like asking seasoned professionals to go back to their old ways after embracing remote employment. Just as modern technology transformed gardening, remote work transformed professional settings, and for many, a return to the more traditional office setting may feel regressive. This ongoing trend demonstrates how workplace flexibility is increasingly valued by those nearing retirement who value comfort and quality of life when making career choices.
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- Corporate Employees: 8 Factors When Choosing a Mutual Fund
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- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
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- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
Source:
1. Liu, Siyan, and Laura D. Quinby. 'Has Remote Work Improved Employment Outcomes for Older People with Disabilities?' Center for Retirement Research at Boston College , 2024, pp. 1-15. crd.bc.edu.
2. Williams, Trey. 'The Return to Office Wars Are Far from Over.' Fortune , 11 Dec. 2024, pp. 2-4. fortune.com.
3. Yamamoto, Junpei, et al. 'The Effect of Preference and Actual Days Spent Working from Home on Stress and Musculoskeletal Pain: A Study of Office Workers During the COVID-19 Pandemic.' International Journal of Environmental Research and Public Health , 2023, pp. 10-12. pmc.ncbi.nlm.nih.gov.
4. 'Growth in Telework Can Benefit Older Persons with Disabilities, Says Report.' FEDweek , Oct. 2024, pp. 1-3. fedweek.com.
5. Franklin, Joshua. 'Citi Bucks Back-to-Office Trend and Embraces Hybrid Working.' Financial Times , 4 Feb. 2025, pp. 5-6. ft.com.
What is the Assurant 401(k) Savings Plan?
The Assurant 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or after-tax basis.
How can I enroll in the Assurant 401(k) Savings Plan?
Employees can enroll in the Assurant 401(k) Savings Plan by completing the online enrollment process through the Assurant benefits portal or by contacting the HR department for assistance.
Does Assurant offer a company match for the 401(k) Savings Plan?
Yes, Assurant offers a company match for the 401(k) Savings Plan, which helps employees maximize their retirement savings.
What is the maximum contribution limit for the Assurant 401(k) Savings Plan?
The maximum contribution limit for the Assurant 401(k) Savings Plan is determined by the IRS and may change annually. Employees should check the latest IRS guidelines for the current limit.
Can I change my contribution amount to the Assurant 401(k) Savings Plan?
Yes, employees can change their contribution amount to the Assurant 401(k) Savings Plan at any time through the benefits portal.
What investment options are available in the Assurant 401(k) Savings Plan?
The Assurant 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.
When can I start withdrawing funds from my Assurant 401(k) Savings Plan?
Employees can typically start withdrawing funds from their Assurant 401(k) Savings Plan without penalty at age 59½, but specific rules may apply, so it's best to consult the plan documents.
What happens to my Assurant 401(k) Savings Plan if I leave the company?
If you leave Assurant, you have several options for your 401(k) Savings Plan, including rolling it over to another retirement account, cashing it out, or leaving it with Assurant until you reach retirement age.
Is there a loan option available in the Assurant 401(k) Savings Plan?
Yes, the Assurant 401(k) Savings Plan may allow employees to take loans against their vested balance, subject to certain terms and conditions.
How often can I change my investment allocations in the Assurant 401(k) Savings Plan?
Employees can change their investment allocations in the Assurant 401(k) Savings Plan as often as they like, but it's advisable to review your choices periodically.