News From The Employee Benefit Research Institute • Fewer than half of employees say they are offered a financial wellness program at work. When offered, six in ten employees have participated. Over four in ten employees (45%) say their employer offers the 2022 op W poo rt rkp unlia ty t ce o W pe ar llt n ic eip ss aSur te in ve a y fR in ea p n or cial t Fi w nelln ds 80 ess Pe pro rcent gram. of Employees Have a Problematic Level of Debt, Including Credit Card, Medical, and Student Loan Debt • Most employees feel mental health wellness programs have become more important in the past year and most are interested in mental health resources and expanded benefits. Four in ten employees (45%) rate - Three in Four Workers Agree That Their Employers Have a Responsibility to Make Sure Employees are Mentally and their employer’s communications about mental health and work-life balance as excellent or very good over Physically Well - the past year. • Most employees remain satisfied with their current job despite decreases in satisfaction with their For immediate release: Oct. 25, 2022 benefits package and work-life balance. Six in ten employees (59%) are extremely or very satisfied with their For more information: Ron Dresner current job, which is consistent with the 2021 findings (60%). dresner@ebri.org “This is the third year of the Workplace Wellness Survey and probably the most meaningful survey report where (Washington, D.C.) – Major findings from the 2022 Workplace Wellness Survey published today by the Employee workplace flexibility, work-life balance, paid time off and leave benefits have become major critical factors for Benefit Research Institute (EBRI) and Greenwald Research report that most employees are concerned about their employees,” said Paul Fronstin, director, Health Benefits Research, EBRI. household’s financial well-being and most employees describe their level of debt as a problem. Employees also agree that their employers have a responsibility to ensure they are physically, emotionally and financially well, but “In recent years, key metrics like job satisfaction, benefits satisfaction and ratings of work/life balance have fewer than half rate their employer’s efforts highly in these areas. remained fairly consistent. It’s important to note the declines measured this year in overall benefits satisfaction and in ratings of work-life balance, which contrast with stable job satisfaction, and the belief that remote work has The Workplace Wellness Survey examines worker attitudes towards employment-based benefits in the workplace, improved well-being and underscore the need for employers to ramp up well-being efforts,” said Lisa Greenwald, as well as a broad spectrum of financial well-being, employment-based health insurance and retirement benefit president & CEO, Greenwald Research. issues. For this year’s survey, a total of 1,518 American full-time and part-time workers ages 21-64 were interviewed. Key highlights from the 2022 Workplace Wellness Survey report include: Within this national audience -- 1,014 workers and an oversample of 504 LGBTQ workers completed surveys -- • Most employees are concerned about their household’s financial well-being and the overwhelming bringing the total to 605 LGBTQ workers. Information for the survey was gathered through 20-minute online majority describes their level of debt as a problem. Six in ten employees (60%) are at least moderately interviews conducted from July 13-29, 2022. Data was weighted by race, age, gender, income and LGBTQ status to concerned about their household’s financial well-being, which has increased by 11 points since 2021 (49%). reflect employed Americans ages 21-64. The margin of error for the total sample of current workers in this study is About half of employees are concerned about their emotional (50%) and physical (48%) well-being. +/- approximately 2.5%. • Employees agree that their employers have a responsibility to ensure they are physically, emotionally and financially well, but fewer than half rate their employer’s efforts highly in these areas. Three in four To review the complete 14-page 2022 Workplace Wellness Survey presentation, visit www.eb emp ri.org loyee /hea s lagree th/Wor th kat place their -Well emn pess loyers -Surve have y. a responsibility to make sure employees are mentally healthy and emotionally well (77%) and healthy and physically well (74%). Two thirds (66%) feel the same about their employer’s responsibility to ensure employees are financially secure and well. The 2022 Workplace Wellness Survey was conducted through the financial support of AARP, Cigna, Edelman Finan • cial He En algin th ies, nsu Fi ra dn elity ce a In nd vest retme irem nte s, H nt u sa man ving Rig s ph la tn s s Ca amp re th aign e m , os Mer t co cer m , m M on or gan em p St loye anley, e be N n at ef ion its a a l n Rur d aal reEl th ect e to ric p Coopera bt e ive nefAssocia its for e tion mp,l oye OneAm e reten eric ti a, on Un /ru em cru ain tme d Vn oya t an Fin d th ane ciial. r fi nancial security. Four in ten employees (44%) are extremely or very satisfied with their benefits package, which has decreased by 7 points since 2021 (51%). Greenwald Research is a leading independent custom research and consulting partner to the health and wealth • Most employees have a high level of understanding about their health benefits and half rate their industries em t p h lat oye ap r’s p lies com cm rea ut nive icat q iu on an s ta itb at ou ive t h ae na d lth qu b alit ena etfive its h m ig etho hly.d H s al to f o pf r od em up cloy e kee now s (52 led% ge ) ra tht at e t h h elp eirs em com ployer’s panies stay comp com et mu itivn e ic aat nd ion nav s ab igat ou e t ih nea dult st h ry ch insuan ran ge. ce an For d fh uea rth lter h c in ar for e as ma exc tion elle , vi n si t tor w w ve w ry go .green odw . L ald ess rese than arch hal .c f om (47% . ) rate communications about online resources about benefits at the same level. The Employee Benefit Research Institute is a non-profit, independent and unbiased resource organization that • Workplace flexibility, work-life balance, paid time off and leave benefits are important to employees. provides the most authoritative and object information about critical issues relating employee benefit programs in Most feel tele-working has positively impacted their well-being. Four in ten employees (39%) describe the the United States. For more information, visit www.ebri.org. work-life balance at their company as excellent or very good, which has decreased significantly since 2021. Another 36% rate it as good and 25% rate it as fair or poor. # # • Most employees agree that balancing work and caregiving is challenging, but few employees report access to caregiving benefits. A quarter of employees (24%) report their employer offers subsidized/complimentary child or daycare. Among those with access, 65% of employees have used it. Among those without access, 44% are interested in having the benefit available. • Half of employees are satisfied with their current retirement benefits and most are satisfied with the contributions received from their employer. Seven in ten employees (70%) say they are currently offered a retirement savings plan. Half of employees (51%) are extremely or very satisfied with their current retirement benefits and nearly six in ten (58%) understand their retirement benefits extremely or very well.