Pension & Benefits News Most workers worldwide confronted by anxiety, distractions, financial worries due to pandemic
News
Wednesday, June 24, 2020

Most workers worldwide confronted by anxiety, distractions, financial worries due to pandemic

By Pension and Benefits Editorial Staff

Physical health and safety are not the only concerns affecting employees around the world as a majority report anxiety, distraction and financial worries, according to research by Willis Towers Watson. Despite their concerns, employees give their leaders good marks for their performance during the pandemic. The COVID-19 Employee Pulse Survey is based on responses from 95,426 employers worldwide, of which approximately 23 percent are in the United States.

Over nine in 10 employees (92 percent) report some level of anxiety from the pandemic, with 55 percent indicating a moderate or high degree. Further, 70 percent convey at least some distraction from work due to COVID-19 concerns with only one-third (32 percent) saying they can balance working from home and other responsibilities.

In addition, 61 percent of workforce personnel state financial concerns stemming from the COVID-19 disruption with 25 percent expressing a moderate or high degree of worry. Fewer than half of respondents say their company is making it easier to access and use employee benefits (46 percent) or know how to apply these benefits to COVID-19 care (47 percent).

“The challenges presented by this crisis highlight the demand for cross-functional collaboration to truly address employee needs,” said Patrick Kulesa, global research director, Willis Towers Watson. “Employee anxiety can be managed through HR benefit-related coping support. Combating distraction requires line managers to deepen team connections in appropriate ways. Alleviating financial concerns calls on business heads to demonstrate leadership by navigating the organization through chaotic times.”

Notwithstanding the challenges, employees are pleased with the way their leaders have stepped up to support them in the current environment. A large majority agree their leaders have been effective at focusing on work objectives (78 percent), obtaining the support needed at work (74 percent), keeping employees informed (73 percent), and protecting the health and wellbeing of their workforce (71 percent).

However, the research notes there are concrete actions leaders can take to improve the overall employee experience, such as better understand job constraints due to issues outside of work. In fact, only 49 percent of the employees who can manage issues outside of work report moderate to high anxiety compared with 80 percent of employees unable to do so. Also, employees in stronger team environments express much lower rates of distraction (16 percent) relative to colleagues who struggle to collaborate (56 percent).

“There is a clear opportunity for employers to put their people first and do all they can to show support and build goodwill,” said Kulesa. “Employers have many levers to pull, such as helping workers upgrade their work-from-home technology and enhancing programs that can help employees battle emotional and financial anxiety.”

SOURCE: www.willistowerswatson.com

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More