Current economic challenges, layoffs, and rising burnout are pushing employees to increasingly look to their employers for wellbeing support that goes beyond compensation, according to Alight’s 2024 International Workforce and Wellbeing Mindset Study that surveyed 2,000 U.S. employees working full- or part-time at employers with at least 1,000 employees.
The survey reveals a significant decline in employee wellbeing as only 44% of respondents rate their wellbeing positively, a seven-point drop from last year.
This year’s findings indicate declines across professional, social, financial, and physical health dimensions. Many employees report moderate to severe stress levels, with 43% citing burnout symptoms that impact their work. Nearly half are actively seeking new opportunities, with benefits and wellbeing resources strongly influencing their decision to stay or leave. In fact, 41% of workers say they would reconsider leaving if offered improved benefits.
“It is clear that employers can establish a benefits advantage through a healthy and financially secure workforce. Organisations that invest in comprehensive, personalised benefits can improve employee morale and health outcomes while also strengthening their own performance and profitability. Embracing this shift in benefits strategy can transform how employers are perceived and significantly impact the workplace culture,” said Laine Thomas Conway, vice president, engagement services strategy and thought leader at Alight.
Job security remains essential, but more than a third of employees are reconsidering their loyalty, driven by the allure of better benefits, flexibility, and growth. Twenty percent of respondents plan to change jobs in the next year. While pay remains crucial, many workers feel personalised support is missing, with less than half reporting access to a customised benefits platform.
Financial wellbeing is particularly concerning—nearly half of employees struggle to make ends meet, and Gen X workers report high levels of worry about savings and retirement. Additionally, almost 60% regretted a healthcare decision last year, pointing to a need for more accessible health navigation tools.
Most employees believe a “one-stop” portal for health, wealth, and wellbeing benefits would enhance their experience. Among those with personalised support, 70% report their employer provides resources that improve their health and wellbeing—a notable advantage that translates into higher productivity, stronger job satisfaction, and greater trust in their employer.