intelligent

The research , which surveyed over 2,000 employees , also found that employees are 75 % more likely to be loyal to an employer if they rated their employer ’ s commitment to well-being as good . This could save major turnover costs and make all the difference to a growing company .

Cost of living crisis bites at work

• More than half of employees ( 51 %) would like more guidance from their employer on retirement and pensions and 29 % would like more guidance on savings .

• Women are 14 % more likely to disagree they are paid fairly paid , compared to men who are 12 % more likely to agree .

• Gen Z were 26 % more likely to say their pay is above average , while those aged 55 – 64 years are 17 % more likely to say their pay is below average .

• One in five ( 21 %) have lost motivation at work due to financial stress .

Employees are calling on employers to provide additional support through paying bonuses and overtime ( 41 %). Only 14 % would like additional pension contributions and 13 % subsidised health insurance . Gen Z are interested in receiving salary flexibility and investments and are 51 % more likely to want a financial wellness officer at work .

Burnout and poor productivity are impacting employee mental health

• Employees with poor productivity are 187 % more likely to feel a poor sense of work-life balance .

• Women are 6 % more likely to feel burnt out , while employees aged 35 – 44 years old are 27 % more likely .

• More than half ( 55 %) say their work-life balance was average or poor over the three months of November 2021 – February 2022 .

• Non-remote workers are 32 % more likely to state their work-life balance is poor compared to remote workers who are 22 % more likely to rate it as good .

“ The rising cost of living and inflation is having a massive impact on our day-to-day lives and the ability for businesses to stay afloat ,” said Ben Thompson , CEO , Employment Hero . “ The good news for employers is that they have the power to support employee wellness which can make a big difference in attracting and retaining talent . Employees are looking more to their employer to help them navigate the cost-of-living crisis . While inflation busting pay rises may not be an option for all companies , businesses can support employees by providing a range of advice and guidance , as well as being more flexible with pay , bonuses and how people work .” �

EMPLOYEES ARE LOOKING MORE TO THEIR EMPLOYER TO HELP THEM NAVIGATE THE COST-OF- LIVING CRISIS .