American workers are facing increasing financial pressures, mental health concerns, and the need for workplace flexibility, according to Franklin Templeton’s latest Voice of the American Workplace Survey. Now in its fifth year, the survey highlights:
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49% of workers prioritize protecting their mental health.
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54% fear they will be unable to maintain their desired quality of life in retirement.
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70% cite financial security—the ability to live comfortably for life—as critically important.
Employers have a unique opportunity to address these concerns through financial wellness programs, enhanced benefits education, and a stronger focus on work-life balance.
Findings from the Survey
1. Employee Retention and Compensation Challenges
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88% of employers report that employees are willing to leave jobs if dissatisfied, even without alternatives.
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76% of employees believe their organizations struggle to meet demands for higher pay.
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90% of employers view retirement planning as a shared responsibility with employees.
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59% of employees admit they do not fully understand or maximize company benefits.
2. The Importance of Financial Wellness in Workforce Stability
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92% of employers believe investing in employees’ financial futures increases loyalty.
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87% recognize that strong retirement plans attract top talent.
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Employer-led financial education can help employees leverage benefits more effectively.
3. Work-Life Balance and Mental Health as Priorities
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50% of workers cite work-life balance as their top priority.
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78% prefer work-life balance over salary increases.
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76% of workers emphasize the growing importance of mental health support.
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41% of employees actively utilize mental health benefits, making it the most accessed workplace benefit.
The Future of Employee Benefits & Workplace Adaptability
The survey underscores that employers must take a proactive approach by offering competitive financial benefits, mental health support, and workplace flexibility to enhance engagement and retention. Clear communication and employee education on benefits will be essential in creating a well-supported and loyal workforce.
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