Employees have experienced increased burnout in two-fifths of multinational organisations, according to a new study by Fidelity.
The second Global Employer Survey, which interviewed 1,000 senior decision-makers at global multinational corporations, pinpointed employee fatigue as a key concern for organisations as they increase their focus on retaining and developing staff.
According to the study, two-fifths of multinational employers find attracting and retaining talent “extremely challenging”, while previous Fidelity research revealed that work-life balance is a source of stress for half of employees.
As a result of these challenges, the survey found many organisations are improving their employee offerings, including new or enhanced wellbeing benefits (specified by 44% of non-US employers and 45% of US employers).
Commenting on the findings, Dan Smith, head of workplace distribution at Fidelity International, said: “New or enhanced financial and wellbeing offerings are becoming increasingly important during a time where employees around the world are struggling with the cost of living.
“There is a growing need to help employees plan for retirement, bolster their savings, and prepare for life’s ups and downs. Our research shows that those employers who embrace a role in their employees’ wellbeing, and adopt a broad definition of financial wellness, have better attraction rates,” Smith added.
According to the survey, talent acquisition (43%), talent retention (41%) and talent development (39%) are the top three near-term priorities for non-US headquartered multinationals. For US-headquartered employers, talent development (51%) tops the list, followed by talent acquisition (47%) and talent retention (44%).
“As an employer, positioning yourself as a source of support for employees, with benefits solutions that align with employee values may help to position your company as an employer of choice and positively impact your talent outcomes,” said Smith.