The Great Resignation, quiet quitting and labor hoarding are among workplace trends ignited by a perceived lack of care by employees, according to MetLife’s “US Employee Benefit Trends” survey released today. Nearly half of the employees surveyed, 42%, said they do not feel cared for by their employers.
“Our research shows care is not only a differentiated driver of the employee experience — but also a proven workplace metric to measure employer outcomes,” said Todd Katz, executive VP of group benefits at MetLife. “As the economy and labor market remains volatile and workplace trends fluctuate, employers can’t afford to overlook employee care.”
The report found that when employees feel less cared for at work, their well-being, happiness and overall satisfaction take a hit. In addition, the employees are 65% less likely to feel a sense of belonging at work and 72% less likely to feel valued by their employers. This, in turn, has a measurable impact on organizational performance, according to the report.
Among employees who do not feel cared for at work, only 45% are engaged, 58% are productive and 54% are loyal.
The report also found that certain employee cohorts feel less valued and appreciated than others. While 72% of men and 70% of white-collar workers feel their employer is demonstrating care on the job, only 60% of women and 58% of blue-collar workers say the same. Across age groups, Gen Z employees are the least likely to feel cared for at work.
MetLife conducted the study in November 2022 through Rainmakers CSI, a global strategy, insight and planning consultancy. The survey included 2,840 interviews with benefits decision-makers and influencers at companies with at least two employees.
Written by SIA