A survey conducted by Towers Watson, an HR consulting firm, finds that while 33% have so far provided this scheme to their employees, another 51% of employers are considering providing NPS to their employees. On the other hand, 16% companies are not considering NPS.
The survey was conducted in 70 companies covering BFSI, FMCG, telecommunications, pharma, utilities, IT, engineering, manufacturing, retail and wholesale companies. Of this, 76% companies earn revenue of more than Rs. 500 crore. 56% companies have a headcount of more than 2,500 employees.
Ramesh Bhat of Aniram says, “NPS has emerged as one of the most preferred retirement investment option among investors. This is validated by the survey which shows that one in three companies have implemented NPS.”
NPS and Atal Pension Yojana (APY) collectively have more than Rs. 1 crore subscribers with total AUM in excess of Rs. 1 lakh crore as on October 2015.
“The findings confirm that opportunities exist for operational and financial efficiencies, better risk controls, greater employee engagement and deeper knowledge for trustees,” says the press release.
