Workers Prioritize Wellbeing Over Pay, Highlighting Shifting Employer Responsibilities
Event summary
- 73% of U.S. workers would take a pay cut for workplace wellbeing, with Gen Z (80%) and Millennials (79%) leading the trend.
- 92% of employees believe employers bear at least some responsibility for guiding benefit decisions.
- Only 51% of workers received clear benefit guidance during offboarding, compared to 71% at onboarding.
- 24% of respondents received no proactive 401(k) information when leaving their last job.
- PensionBee US manages $10 billion in assets and serves 315,000 customers globally.
The big picture
The survey results underscore a growing trend where workplace wellbeing and employer responsibility for benefits guidance are becoming critical factors in employee decision-making. As younger generations dominate the workforce, companies may need to rethink their compensation and benefits strategies to attract and retain talent. PensionBee US's findings highlight the increasing complexity of personal finance and the need for better employer communication, particularly during job transitions.
What we're watching
- Generational Shifts
- How younger workers' prioritization of wellbeing over pay will influence employer strategies and benefit offerings.
- Offboarding Practices
- Whether companies will improve offboarding communication to better guide employees on retirement savings decisions.
- Employer Responsibility
- The pace at which employers will take on more responsibility for guiding benefit decisions, especially among younger demographics.
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