Most global workers confronted by anxiety, distractions, financial worries due to pandemic
Willis Towers Watson survey finds opportunity for employers to support their people and build goodwill
ARLINGTON, Va., May 28, 2020 (GLOBE NEWSWIRE) -- 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 (NASDAQ: WLTW), a leading global advisory, broking and solutions company. Despite their concerns, employees give their leaders good marks for their performance during the pandemic. Willis Towers Watson has tracked the pandemic-related work experiences of more than 100,000 global employees since mid-March.
Alarmingly, over nine in 10 employees (92%) report some level of anxiety from the pandemic, with 55% indicating a moderate or high degree. Further, seven in 10 workers (70%) convey at least some distraction from work due to COVID-19 concerns with only one-third (32%) saying they can balance working from home and other responsibilities.
In addition, six in 10 workforce personnel (61%) state financial concerns stemming from the COVID-19 disruption with 25% 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%) or know how to apply these benefits to COVID-19 care (47%).
“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, yet combating distraction requires line managers to deepen team connections in appropriate ways, while 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%), obtaining the support needed at work (74%), keeping employees informed (73%), and protecting the health and wellbeing of their workforce (71%).
However, the research notes there are concrete actions leaders can take to improve the overall employee experience, such as better understanding job constraints due to issues outside of work. In fact, only about half (49%) of the employees who can manage issues outside of work report moderate to high anxiety compared with 80% of employees unable to do so. Also, employees in stronger team environments express much lower rates of distraction (16%) relative to colleagues who struggle to collaborate (56%).
“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.”
About the survey
The results of the COVID-19 Employee Pulse Survey are based on responses from 95,426 employees worldwide, of which approximately 23% are in the United States. The ongoing survey began in the middle of March.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.
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