Workplace Survey Highlights Turnover and Compensation Concern Employees the Most

February 28, 2024

A new workplace survey reveals a disconnect between employers prioritizing health and dental insurance, health savings accounts (HSAs) and charitable contributions, while employees prioritize increased pay and 401(k) matches.

The annual “Voice of the American Workplace” survey which covers three areas — financial, mental and physical — found that American workers expressed a 15 percent year-over-year increase in concerns over financial health.

The survey also revealed that 91 percent of employers experienced turnover rates exceeding 10 percent in 2023.

Employee expectations, particularly regarding compensation, are on the rise, with 80 percent of employers struggling to meet demands for increased compensation.

This year’s survey examined both employer and employee perspectives, emphasizing the crucial need for aligning expectations with available resources.

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