Global employers are increasingly prioritizing employees’ social and financial wellbeing

Global employers are increasingly prioritizing employees’ social and financial wellbeing

• 73% of employers say employees’ social wellbeing is an important priority over the next three years

Today

• 64% foster social connections virtually or in small groups through regular events
• 60% provide and communicate a diversity, equity, and inclusion (DEI) strategy

Other actions employers are taking to improve employees’ social wellbeing

• 67% of employers say employees’ financial wellbeing is an important priority over the next three years
• 21% of employers report that they are effective in driving desired wellbeing outcomes
• 38% of employers are concerned about poor financial wellbeing of their employees

Employees living paycheck to paycheck are less engaged (+1.8 days lost per year due to presenteeism) and 2x as likely to experience burnout, depression, anxiety or loneliness.

Today

• 47% offer an employer paid life and disability plan
• 37% provide financing or loans for education

Other actions employers are taking to improve employees’ financial wellbeing

• 65% of employees say their retirement plan meets their needs, but 69% say they save less for retirement than they think they should^*
• 49% of employees think financial apps should be a core part of their employer’s benefits^*

^*Excludes U.S and Canada

Actions to take now!

1. Regularly communicate with employees about the importance of their wellbeing, sense of belonging, and available resources
2. Use employee listening strategies to identify the consistent and diverse needs of your specific population
3. Build a social wellbeing strategy that connects stakeholders across your organization to form benefits, talent, DEI, and manager effectiveness
4. Train managers to identify employees who may be feeling lonely, disconnected, or are actively withdrawing
5. Identify and implement solutions to improve the financial health of employees
6. For help in developing a wellbeing strategy or refreshing your current approach, contact WTW.

About the surveys: 35,549 employees participated in the 2022 Global Benefits and Attitudes Survey. 974 employers participated in the 2022 Global Wellbeing Diagnostic Survey (respondents employ three million workers).