Half (49 per cent) of employees would like their employer to increase investment in mental, physical and financial well-being resources, according to a new survey by employee engagement company Reward Gateway.
The survey, which polled 3,800 employees and human resources decision-makers across Australia, the U.K. and U.S., found 50 per cent would like to see increased investment in employee rewards and recognition. Significant percentages of employees said they would leave their current role if there was a lack of financial, physical or mental well-being support (40 per cent) and rewards or recognition for their efforts (40 per cent).
Among HR leaders, their top priorities are employee engagement (43 per cent), employee retention (39 per cent) and workplace well-being (38 per cent). Almost three-quarters (72 per cent) of HR leaders and 61 per cent of employees agreed that stress resulting from cost of living increases is negatively impacting work.
“This survey reveals there are elements of the employee experience — outside of pay — that can support employees’ willingness to stay with a company,” said Robert Hicks, group HR director at Reward Gateway, in a press release. “Whether it’s reward and recognition or financial, mental or physical well-being resources, HR leaders need all these tools in their toolkit to best support their people right now, and help them retain their talent.”