Seventy Per Cent of UK Employees Are Stressed About Money: Ceridian’s UK Pay Experience Report
Summary
LONDON--(BUSINESS WIRE)--Despite the fact that the United Kingdom unemployment rate is at its lowest since the 1970s, new research reveals workers are financially squeezed, impacting life both inside and outside the workplace. The UK Pay Experience Report, released today by global human capital management (HCM) company Ceridian HCM Holding Inc. (NYSE: CDAY; TSX: CDAY) and conducted by Hanover Research, explores what UK employees really think about their compensation and payroll experiences, including: At a time when job vacancies are reaching new heights, organisations should take employee financial wellness initiatives into consideration to attract and retain top talent. The survey shows some employers may have opportunities to do more to support their people, with one-in-three (34 per cent) believing their employers do not care about their financial wellbeing, and only 18 per cent believing they care “very much.” “In a diverse and competitive labour market, employee wellness programmes can’t remain static – they should evolve to meet the needs of today’s employees who are increasingly burdened by financial pressures,” said Ross Tracey, Managing Director, Ceridian Europe. “Today’s progressive employers should implement actionable financial wellness strategies into their benefits programmes to win top talent and retain their current workforce.” When the grass looks greener According to the report, a large proportion of UK employees are open to new job opportunities with 71 per cent saying they would at least consider a new position. While past generations may have tended to stick around, our data shows that today’s employee will seek out work that gives them joy and satisfaction.” To learn more about the UK Pay Experience Report, visit www.ceridian.com/uk/resources/2019-pay-experience-report.