Nearly two-thirds of employees say they have left a job in the past or would like to leave their current job because it is not good for their mental wellbeing, according to new research from Lincoln Financial Group . After a year of isolation and anxiety as a result of the pandemic, 64% of full-time employed U.S. adults would choose a company with a less stressful work environment over a 10% higher salary.
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Many of these employees are turning to their employers for help, giving companies across the country the opportunity to showcase the efforts they have made to protect their employees’ mental and financial wellbeing. One of the main causes of stress for employees is their personal financial situation, with an overwhelming 91% of full-time U.S. employees saying they are concerned about some aspect of financial wellness3, and 32% saying their financial situation makes them feel more stressed, nervous or overwhelmed.4
“As a partner to our employer customers, Lincoln Financial Group offers benefits and solutions to help protect their employees’ financial and mental wellbeing today, leaving them confident and secure in their tomorrow,” said Sharon Scanlon, senior vice president of Customer Experience and Producer Solutions at Lincoln Financial Group. “Without the right financial protections in place, an accident or illness can derail retirement savings and disrupt someone’s ability to provide for their family. Offering the right benefits can help employees feel more protected, leading to a healthier and more engaged workforce.”
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Workplace benefits such as disability, accident or critical illness insurance, as well as employer-sponsored retirement plans, can help provide peace of mind to employees when it comes to unforeseen expenses and concerns about their financial future, and can help employers with recruitment and retention efforts. Research shows that 47% of full-time employed U.S. adults said they would choose a company that is more committed to an employees’ mental wellbeing, and 48% said that it is very important for employers to help their employees improve mental wellbeing.
Amid the rising need for mental health and wellness resources, Lincoln Financial has curated a collection of multimedia tools and materials to help employers keep their workforces healthy and productive, helping them protect their finances today and save for their future. The company’s Lincoln WellnessPATH online tool features personalized, actionable steps to help employees set financial goals and learn tips for money management. The company also offers guidance for a remote workforce, a series of podcasts on various wellness topics, mental health resources and interviews with the organization’s wellness experts.
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