Employers prioritize mental and physical wellbeing programs, but employees are more concerned about financial wellbeing support, according to a recent survey by WTW. While 73% of employers focus on mental wellbeing and 50% on physical wellbeing, 66% of employees see financial wellbeing as their main concern. This misalignment indicates a need for employers to reassess their priorities and better understand employee needs. Recommendations include providing financial coaching, educating employees on financial challenges, and offering personalized financial decision support. Employers should also survey employees to determine their needs and prioritize wellbeing initiatives accordingly.
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WTW: There’s A Disconnect Between Employers and Employees on Wellbeing Programs
