This should move HR leaders away from one-size-fits-all benefit solutions to a personalized approach to well-being benefits where the goal is to create a culture of care that meets the needs of all workers. The Global Wellness Institute believes workplace mental health benefits will grow 9.8% annually over the next five years. In addition to financial wellness, nearly 30% of the workers surveyed in the Paychex and Future Workplace survey requested improved mental health support and resources. BrightPlan’s 2021 Wellness Barometer survey found over 80% of employees want support and guidance from their employers on personal finances - not only for retirement and financial education - but also digital budgeting, financial planning, and access to financial advisors. Financial education and training are growing in importance for workers across generations. The employee well-being benefits most in-demand include financial well-being and emotional/mental health well-being. This was especially true for Gen Z, where 67% strongly agreed or agreed that well-being benefits will be a priority for them in evaluating new job offers. While raising wages is one way to attract and retain employees, research conducted by Paychex and Future Workplace among 603 full-time workers found 62% of employees identified well-being benefits as key a key factor in deciding whether to apply for a new job. #2 Employee Well-being Benefits Can Stem The Great Resignation Five Key Levers of Employee Well-Being Future Workplace, an Executive Networks company
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