Report reveals employee sentiment and what employers must do to improve employee wellbeing in 2024
BOSTON, Jan. 23, 2024 – Reward Gateway, a global leader in employee engagement and HR technology, released its Workplace Wellbeing Report: Where to focus in 2024 on the wellbeing of American workers, along with strategies to improve wellbeing practices and build resilience across the workforce. The research found that almost a quarter of the workforce (23%) is actively seeking new employment due to employee wellbeing-related factors: 41% feel overworked and underpaid, 33% feel burnt out, 24% do not feel supported by their manager, and 23% don't think their employer cares about their wellbeing.
Wellbeing is a complex and interrelated combination of physical, mental, emotional, social and financial factors. According to a recent report by the U.S. Surgeon General, 84% of Americans said workplace conditions had contributed to at least one mental health challenge. Our research found that half of U.S. employees rate their companies' wellbeing support as average or poor (51% for mental wellbeing support, 56% for financial wellbeing, and 50% for physical wellbeing).
For HR leaders vying to attract talent, engage employees and boost performance, our research found the following critical insights into improving American workers’ wellbeing:
“Employee wellbeing is critical for companies looking to achieve success in 2024, helping to increase engagement, retention and performance,” said Anthony Knierim, Managing Director, Americas of Reward Gateway. “Considering that work occupies a significant portion of individuals’ schedules and is intricately linked to their sense of identity and achievement, employers hold a distinctive opportunity: They can not only enhance employee retention and productivity, but also wield substantial influence over the personal happiness and engagement of their workforce.”
Promoting a culture of wellbeing across teams, departments and organizations as a whole can be elevated by investing in the right technology. These tools can empower HR leaders to create a more connected and engaged workforce by supporting mental, physical and financial wellbeing. Through strong leadership and intentional efforts, companies can strengthen individual wellbeing and boost engagement, productivity and retention.
Carried out in December 2023, this research involved 1,000 employees in companies with more than 100 employees in the U.S.
About Reward Gateway
Reward Gateway helps companies engage, motivate and retain people – every day, all over the world. Partnering with over 4,000 companies in 23 countries, we empower more than 8 million users to connect, appreciate and support one another to make the world a better place to work. Our unified employee engagement hub provides the best of recognition, reward, wellbeing, surveys, benefits and discounts that support talent acquisition, retention and values-driven growth.