us-human-capital-bersin-lt-rewards-infographic-life-stressors-07 … · 2020-05-22 · between...
TRANSCRIPT
1. Seven Top Findings for Redefining Total Rewards, Bersin, Deloitte Consulting LLP / Pete DeBellis and Anna Steinhage, PhD, 2018.2. Between October 2016 and July 2018, Deloitte administered a survey to more than 18,000 U.S. employees through their companies. We identified a panel of 19 employee stressors—from inside and outside the workplace, and sometimes, from both sources at the same time. For instance, stress regarding childcare can stem from job demands as well as the inability to hire qualified care providers.
Source: Surveying Employee Preferences for Rewards: Findings on Life Stressors, Bersin, Deloitte Consulting LLP / Pete DeBellis and JoiAnda Bruce, 2019.
Understanding the stressors that impact employees both inside and outside of work can help organizations design rewards programs that can optimize the return on their talent investments by better aligning offerings with employee needs and preferences.
As used in this document, “Deloitte” means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Copyright © 2019 Deloitte Development LLC. All rights reserved.
To learn more, read Surveying Employee Preferences for Rewards: A Primer and Surveying Employee Preferences for Rewards: Findings on Life Stressors,Bersin, Deloitte Consulting LLP, 2018–19.
SURVEYING EMPLOYEE PREFERENCES FOR REWARDS
Life Stressors
High-performing organizations design rewards strategies that treat employees as customers.1 To effectively design rewards offerings for these internal customers, employers require a granular understanding of what keeps employees awake at night. These could be rooted in conditions inside and outside of work—their stressors.
Deloitte identified a list of 19 potential stressors that can be investigated by employers seeking to develop a solid data foundation from which to optimize their rewards programs.2
Further, the top five stressors and their relative priority can vary as employees age . . .
When viewed by gender groups, the top stressors are aligned, with minimal differences.
When viewed by employee salary level . . .
. . . work-related concerns increase as salaries grow, while debt-related worries decrease.
. . .concerns around debt and career advancement decrease over time, while worries about medical illness and the ability to retire move into the list of top five stressors.
TOP STRESSORS BY AGE
TOP STRESSORS BY GENDER
Women identify . . .
. . . as their top stressors.
Men identify . . .
. . . as their top stressors.
Work
Ability to Retire
Job Security
Debt
Fitness & Healthy Living
Work
Ability to Retire
Job Security
Medical Illness / Disease
Fitness & Healthy Living
Out of these 19 predetermined stressors,employees ranked . . .• Work• Ability to Retire• Job Security• Fitness & Healthy Living• Debt. . . as the top five stressors by relative importance.
However, at the individual level . . .
5Top. . . were most frequently identified as the top stressors.
Debt Ability toRetire
JobSecurity
Work Lack of Timein a Day
18% 15% 13% 12% 8%
Career Advancement
Childcare
ChronicPain
Debt
Elder / Dependent Care
Fitness &Healthy Living
Home Improvements / Maintenance
Job Security
Lack of Time in a Day
Medical Illness /Disease
Mental Health /Addiction
Abilityto Retire
PersonalSafety
Pets
Relationship Problems
SocialGood
TheEnvironment
Tuition / Education
Work
19P
ot e n t i a l S t r e s s o r s
TOP STRESSORS BY SALARY LEVEL
Relative Priority Under 35 Years Old 55 Years and Older
Work Ability to Retire
Debt Work
Career Advancement Medical Illness / Disease
Fitness & Healthy Living Fitness & Healthy Living
Job Security Job Security
1
2
3
4
5
Relative Priority Less Than $50K Annually $75K to Less Than $100K Annually $150K or More Annually
Job Security Work Work
Work Job Security Ability to Retire
Ability to Retire Ability to Retire Job Security
Debt Fitness & Healthy Living Fitness & Healthy Living
Career Advancement Medical Illness / Disease Lack of Time in a Day
1
2
3
4
5