Amid worsening employee well-being across multiple dimensions, 85% of C-suite executives feel organizations should be required to publicly report their well-being metrics, such as in their annual reporting, according to a report by Deloitte released today. However, only around 50% said their company is currently practicing this level of transparency.
“The majority of the leaders surveyed agree that sharing this information could build employee trust and help them attract talent. And while publicly disclosing these metrics may seem radical, it has a precedent with the evolution of environmental, social and governance reporting,” Jen Fisher, Deloitte’s US chief well-being officer, said in a press release.
The report also found most employees feel their health worsened or stayed the same over the past year, while nearly one-third reported improvements. On the other hand, more than three in four C-suite leaders believe their workforce’s health has improved.
The report noted that work-related challenges remain an obstacle to well-being, with 80% of respondents reporting a heavy workload and a stressful job as their top obstacles.
Consequently, 60% of employees, 64% of managers and 75% of the C-suite cite seriously contemplating leaving their current jobs for positions that offer better support for their well-being.
Furthermore, seven in 10 managers reported that rigid company policies, a heavy workload and an unsupportive workplace culture prevent them from doing more to support their team members. Conversely, 42% of managers feel completely empowered to help their company achieve its well-being commitments.
Additionally, 85% of the C-suite expressed their willingness to assume more responsibility for workforce well-being over the next few years.
The survey was conducted by Deloitte in collaboration with Workplace Intelligence in March. It contains responses from 3,100 employees, managers and C-level executives across the US, UK, Canada and Australia.