1,000 hourly workers at large U.S. companies share how they feel about the financial health benefits their employers offer. Gain actionable insights to help you recruit and retain talent in 2022.
Traditional approaches to employee financial health keep falling short. Meanwhile, hourly workers demand more financial security — and they’re seeking out employers who provide it. Nine out of 10 employees report they’re financially stressed, yet only 35% can use all of their financial benefits. The main barrier: cost. For forward-thinking employers, this means an opportunity to win at recruiting and retention by reevaluating their employee financial benefits.
In the battle to be the employer of choice for hourly workers, how can you stand out?
Businesses need a new playbook for recruiting and retaining hourly workers. Industries such as food service and hospitality, retail, and manufacturing are missing out on growth opportunities because they can’t maintain enough staff. A big reason why: Hourly workers are under immense financial stress, and they’re not getting the support they need from their employers.
Produced with Wakefield Research, this survey report helps forward-thinking employers see the disconnect between the financial benefits they offer, and what benefits hourly workers really need. Knowing that, businesses can redesign their benefits packages to become an employer of choice for hourly workers.