Choosing Health Over Wealth: Two Thirds of Employees Prioritize Mental Wellbeing Over Higher Salary
May 18 2021 - 2:00PM
Business Wire
Nearly two-thirds of employees say they have left a job in the
past or would like to leave their current job because it is not
good for their mental wellbeing, according to new research from
Lincoln Financial Group (NYSE:LNC)1. After a year of isolation and
anxiety as a result of the pandemic, 64% of full-time employed U.S.
adults would choose a company with a less stressful work
environment over a 10% higher salary.2
Many of these employees are turning to their employers for help,
giving companies across the country the opportunity to showcase the
efforts they have made to protect their employees’ mental and
financial wellbeing. One of the main causes of stress for employees
is their personal financial situation, with an overwhelming 91% of
full-time U.S. employees saying they are concerned about some
aspect of financial wellness3, and 32% saying their financial
situation makes them feel more stressed, nervous or
overwhelmed.4
“As a partner to our employer customers, Lincoln Financial Group
offers benefits and solutions to help protect their employees’
financial and mental wellbeing today, leaving them confident and
secure in their tomorrow,” said Sharon Scanlon, senior vice
president of Customer Experience and Producer Solutions at Lincoln
Financial Group. “Without the right financial protections in place,
an accident or illness can derail retirement savings and disrupt
someone’s ability to provide for their family. Offering the right
benefits can help employees feel more protected, leading to a
healthier and more engaged workforce.”
Workplace benefits such as disability, accident or critical
illness insurance, as well as employer-sponsored retirement plans,
can help provide peace of mind to employees when it comes to
unforeseen expenses and concerns about their financial future, and
can help employers with recruitment and retention efforts. Research
shows that 47% of full-time employed U.S. adults said they would
choose a company that is more committed to an employees’ mental
wellbeing, and 48% said that it is very important for employers to
help their employees improve mental wellbeing.5
Amid the rising need for mental health and wellness resources,
Lincoln Financial has curated a collection of multimedia tools and
materials to help employers keep their workforces healthy and
productive, helping them protect their finances today and save for
their future. The company’s Lincoln WellnessPATH® online tool
features personalized, actionable steps to help employees set
financial goals and learn tips for money management. The company
also offers guidance for a remote workforce, a series of podcasts
on various wellness topics, mental health resources and interviews
with the organization’s wellness experts.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help
people take charge of their financial lives with confidence and
optimism. Today, more than 17 million customers trust our
retirement, insurance and wealth protection expertise to help
address their lifestyle, savings and income goals, and guard
against long-term care expenses. Headquartered in Radnor,
Pennsylvania, Lincoln Financial Group is the marketing name for
Lincoln National Corporation (NYSE:LNC) and its affiliates. The
company had $311 billion in end-of-period account values as of
March 31, 2021. Lincoln Financial Group is a committed corporate
citizen included on major sustainability indices including the Dow
Jones Sustainability Index North America and FTSE4Good. Dedicated
to diversity and inclusion, we earned perfect 100 percent scores on
the Corporate Equality Index and the Disability Equality Index, and
rank among Forbes’ Best Large Employers and Best Employers for
Women, and Newsweek’s Most Responsible Companies. Learn more at:
www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn,
and Instagram. Sign up for email alerts at
http://newsroom.lfg.com.
LCN-3592338-051421
1 U.S. Employee Perspectives on Mental Wellbeing in the
Workplace, Lincoln Financial and CivicScience (2021) 2 U.S.
Employee Perspectives on Mental Wellbeing in the Workplace, Lincoln
Financial and CivicScience (2021) 3 Lincoln Financial, COVID-19
Sentiment Tracking Study, July 1, 2020, to July 14, 2020. 4 U.S.
Employee Perspectives on Mental Wellbeing in the Workplace, Lincoln
Financial and CivicScience (2021) 5 U.S. Employee Perspectives on
Mental Wellbeing in the Workplace, Lincoln Financial and
CivicScience (2021)
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version on businesswire.com: https://www.businesswire.com/news/home/20210518006024/en/
Anastasia Barbalios Anastasia.Barbalios@lfg.com 215-201-9012
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