employees'financial well-being falters, Willis Towers Watson survey
findsBiennial survey reveals increase in employees who say
financial problems are negatively impacting their
ARLINGTON, Va., Nov. 29, 2017 (GLOBE NEWSWIRE) -- The
financial well-being of U.S. employees reversed direction this year
following several years of steady improvement, according to a new
survey by Willis Towers Watson (NASDAQ:WLTW), a leading global
advisory, broking and solutions company. The biennial survey also
revealed a large increase in the number of employees who say their
financial woes are negatively affecting their lives and who are
worried about their future financial situation.
The 2017 Global Benefits Attitudes Survey found that
barely one-third of U.S. workers (35%) were satisfied with their
financial situation this year, a sharp decline from 48% just two
years ago. The number of employees who were satisfied with their
financial situation had been improving steadily since 2009 when
just a quarter were satisfied.
The survey also found more than a third of U.S. workers
(34%) now believe their current financial concerns are negatively
affecting their lives, compared with just 21% two years ago.
Additionally, nearly six in 10 employees (59%) worry about their
future financial state. Two years ago, just under a half (49%) were
worried about their future finances.
"The ongoing financial worries that are plaguing so many
employees are taking a toll on their financial confidence,"said
Vincent Antonelli, senior consultant at Willis Towers
Watson. "We know from our research that more than half of all
workers have experienced a major financial event in the past two
years, such as divorce; a significant medical experience; or
borrowing money from a friend, family member or payday loan. These
factors, combined with growing debt and low wage growth, are
leading to heightened worker angst."
According to the research, the worsening financial
well-being is also having a negative effect on
employees'productivity, engagement and health. This is especially
true among "struggling"employees, identified in the research
as those worried about their short- and long-term finances. About
30% of the employees surveyed identified as struggling.
Willis Towers Watson的高级顾问Vincent