Employee Wellbeing
Placing employee wellbeing front and centre is top priority
Employee well-being is no longer a secondary concern; it’s a core component of successful talent acquisition and retention. In the legacy of COVID-19, wellbeing remains top of the agenda for employees and organisations alike. With the slow return to the office, establishing and maintaining the work-life balance can be tough.
Businesses that prioritize employee well-being through initiatives like flexible work arrangements and strong mental health support remain better-positioned long-term to attract and retain talent.
| WHAT DOES THE DATA SAY A 2023 Deloitte Well-being at Work report found an awareness gap between employees and the C-suite as it relates to wellbeing. More than 3 in 4 execs believed their employees’ wellbeing improved compared to last year, whereas most employees reported wellbeing as worse or the same. Additionally, 84% employees said that improving their wellbeing was a top priority for them in 2024 and 74% said it was more important than career advancement. LGBT Great insights: In a 2023 talent survey, we found that work-life balance is a potential roadblock to attracting LGBTQ+ talent to the financial services industry. While 15% of respondents identified a healthy work-life balance as their top priority when choosing a new role, a concerning 52% of our survey sample believed that working in financial services did not come with a good work-life balance. This perception extends beyond mere preference. Work-life balance ranked second only to compensation and benefits, and equal to job security, in overall importance to respondents.[1] |
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