Six in 10 (59%) young employees aged 18 to 34 years would like more wellbeing support from their employer, higher than the average of 49% across all age groups, according to research by Zest and Epassi UK.
The benefits and wellbeing hub’s survey of 2,000 adults also found that two-thirds (64%) of employee respondents aged 18-34 years believe that this type of support is just as important as financial wellbeing.
When asked about their ideal benefits package, just under a third (30%) listed private medical insurance, a fifth (21%) listed a wellbeing allowance to spend on whatever they choose, and 15% wanted paid mental health leave. Three-quarters (77%) of employers have invested more into these types of wellbeing benefits.
Two-fifths (41%) of employees of all ages said that they feel their employer cares about their wellbeing, with less than half (44%) believing their benefits package supports mental health.
Three-fifths (58%) thought their benefits package was inadequate last year. In addition, 70% would leave their job if another organisation offered them better benefits.
Matt Russell, chief executive officer at Zest and Epassi UK, said: “Aligning with wider societal trends, younger generations are now increasingly calling for greater wellbeing support at work, employers, however, are falling short when it comes to matching this demand.
“To meet employee needs and attract and retain the next generation of talent, employers must enhance their wellbeing offerings. Simply investing in benefits is clearly not enough, understanding what type of support workers want, implementing changes and communicating what’s on offer effectively is key. Not only will this improve employee support and morale but [it will] also drive business growth and productivity.”
