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2023
WELLNESS BAROMETER SURVEY

Financial stress is hurting
relationships, well-being
& organizational success

Financial stress is hurting
relationships, well-being
& organizational success

2023-ebook-image

About The Survey

We surveyed 1,400 U.S.-based knowledge workers (including a mix of C-Suite, HR decision-makers and employees) at organizations with 1,000 or more employees to learn what’s top of mind and how employers can best respond in the reality of the current market environment.

Economic concerns
have skyrocketed

Work balance life

92% of employees are stressed about their finances due to economic uncertainty, costing US employers close to potentially $200B annually in lost productivity.*

Financial preparedness
is low

54%

Only 18% of respondents have basic financial literacy. 85% have debt and 35% have no emergency savings or only enough for up to 2 months.

Employee well-being is a
top business priority

9/10 employees expect financial support

53% of leaders indicate that supporting their employees’ holistic well-being is a top priority and 95% believe they should provide more financial support.

Employers need to drive
benefits utilization

demographic

Employees are not satisfied with their company’s financial well-being support and 1 in 4 don’t even know if their employer offers financial benefits.

Disconnects between leaders
& employers are staggering

demographic

48% of employees agree their company offers them the financial guidance, support, and tools they need to achieve their life goals, compared to 94% of leaders.

Employer trust
is declining

demographic

Only 63% of employees trust HR and upper management, compared to 83% in 2022, and 61% believe leaders at their company are empathetic.

The current state of financial unrest is affecting employee well-being
and business success. Discover the impact of financial stress.

Walr and Workplace Intelligence on behalf of BrightPlan surveyed 1,400 knowledge workers at companies with 1,000+ employees in the U.S. between February-March, 2023.

* Disclosure: Assumes there are 100,206,000 knowledge workers in the U.S. with an hourly wage of $38.6. 24% of knowledge workers have high or very high levels of financial stress and 48% of them have 8.1 hours of lost productivity per employee per week as a result of financial stress. Source: Federal Reserve Economic Dataset, BrightPlan.

Report

This report looks at the state of workplace wellness in 2023. Fill out the form to download the complete report.

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Webinar

Register for this May 11th webinar, featuring employee well-being experts from Salesforce, Workplace Intelligence, and Workplace Wellbeing Advisors for an in-depth look at the BrightPlan 2023 Wellness Barometer Survey findings.