Understanding the employee voice

Employees are dealing with a number of challenges

1. 01

   Financial concerns loom large for employees after the cost-of-living crisis

   • Three in 10 workers say they are worse off than a year ago and have financial issues negatively impacting their lives (Figure 1).
   • In the U.S., nearly nine in 10 are worried about being able to pay for basic necessities.

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1. 02

   Retirement confidence has fallen

   • Three in four employees report they are not saving enough for retirement, and roughly 50% are not on track for retirement (Figure 2).
   • Employees expect to work longer — the share of employees expecting to work past the age of 70 has risen.

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1. 03

   Mental health remains a challenge, despite some improvements post pandemic

   • Since 2022, there have been improvements in emotional health, social wellbeing and burnout (especially for the youngest workers).
   • But there are still issues surrounding mental health; around half of younger workers show signs of anxiety and depression.

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2. 04

   Access to care is a key concern for employees

   • Health systems have been put under pressure coming out of the pandemic — survey respondents said they are seeing lengthening waiting times.
   • On average, four in 10 workers are worried about wait times in the future (Figure 3).

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 What do employees want and need?

1. 05

   Employees are looking for greater security

   • While pay remains the top focus, employees are increasingly looking for greater security in the face of economic uncertainty.
   • Benefits are as important as ever for attraction and retention: Since 2017, there’s been a 50% increase in the importance of benefits as a reason to take a job (Figure 4).

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1. 06

   There’s an increased desire for remote work

   • Employees’ need to work from home has nearly doubled in the last two years.
   • In addition, employees are 50% more likely to seek alternative work (i.e., be job seekers) and 30% more likely to be disengaged when their desire for remote work is unmet.

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Employee attitudes about their current benefits

1. 07

   Employees’ appreciation of their benefits is on the rise

   • Employees saying that their benefits package meets their needs has increased between 15-45% since 2017.
   • Employer initiatives have helped employees to be resilient and to support their needs. For example, virtual care has helped employees with health issues to get the care they need. Care navigation has also been an important factor in helping employees to understand their costs.
   • Over the last decade, employers have been increasing the extent of choice within the benefits package. Greater choice has a significant positive impact on benefits appreciation.

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1. 08

   Employers have made progress around DEI

   • Nearly 50% of employees say their employer has made progress around their DEI initiatives such as promoting the best candidates, representation in leadership positions and allowing for a diversity of viewpoints.

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Opportunities for employers to strengthen programs

1. 09

   Bridging the gap between employee needs and employer priorities

   • Employees need help with their financial wellbeing, retirement and work flexibility.
   • Employees are nearly three times more likely to prioritize financial wellbeing than their employer.

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2. 10

   It doesn’t have to be complicated. Simple levers can work best

   • For mental and physical health: introduce programs that encourage free time, exercise, getting outside.
   • For financial wellbeing: help employees better understand the options available (and how to use them).
   • Social wellbeing can be key to activating change: leverage teams, managers and networks in the workplace to help those with low wellbeing start to take the steps they need.

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