‘Talent retention has always been essential for any
successful business, and its importance is always on the rise as
trends are amplifying the impact of losing skilled
employees.' This was stated by Claire Falzon, Manager,
Bancassurance Office at Bank of Valletta during the presentation of
the MHRA – BOV – Deloitte Hospitality Survey results
presentation for the third quarter of 2023.
“A Voluntary Occupational Pension Scheme, or
‘Workplace pension' is an ideal instrument that ensures
that the current standard of living can be maintained upon
retirement' continued Ms Falzon. ‘This is a big
opportunity for forward-thinking employers to provide their
employees with additional benefits, that go beyond the standard
salary and working conditions through a scheme where both parties
can contribute into building a pot that can supplement one's
pension when pensionable age is reached.'
