A third (33 per cent) of North American workers say they’re financially worse off than a year ago and have financial issues that are negatively impacting their lives, according to a new survey by WTW.
The global survey, which polled 45,000 employees working for medium- and large-sized private sector organizations in 29 countries and territories, found in the U.S. and the U.K., nearly 90 per cent of employees were concerned about covering their basic living expenses, with more than two in five very or extremely worried.
Three-quarters (78 per cent) of North American employees reported they’re not saving enough for retirement, 37 per cent reported money concerns have a negative impact on their well-being and 36 per cent said they’re not on track for retirement.
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Only 28 per cent of global employees reported feeling burned out from their work, compared to 36 per cent in 2022. Regarding access to care, 33 per cent of North American employees reported being concerned about longer wait times and 28 per cent said they struggle to get an appointment.
Half (50 per cent) of North American employees reported preferring more remote work, compared to 29 per cent in 2022. In addition, employees were 50 per cent more likely to seek alternative work and 30 per cent more likely to be disengaged when their desire for remote work is unmet.
Nearly 50 per cent of global employees said their employer has made progress around their diversity, equity and inclusion initiatives such as promoting the best candidates, representation in leadership positions and allowing for a diversity of viewpoints.
Read: Survey finds 68% of global employers with high employee engagement have well defined DEI plans