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HR leaders reveal their top priorities, including why almost 50% of employees are resigning


Employers 07.29.2022 1 MIN

We surveyed HR leaders from across Corporate America to understand their top priorities. Their answers provide a behind-the-scenes look at top-of-mind concerns.

Key Takeaways

  • The Great Resignation is alive and well. Nearly 77% of respondents reported higher than normal resignation rates in the past year. Companies are responding in a variety of ways to retain and recruit top talent—26% are offering more competitive compensation and benefit offerings.
  • Mental health support is employees’ main interest. 38% of HR leaders believe that voluntary benefit offerings on mental health are their employees’ main concern, the top response by a significant margin. Financial coaching and wellness came in second.
  • Recruiting and retaining: The biggest challenge. 45% of HR professionals said the biggest challenge today is recruiting and retaining employees in the competitive market, and 47.5% anticipate it being the biggest challenge again in the coming year.
  • The financial support employees most want. HR leaders of today believe that their employees are most interested in retirement planning, followed by investing, tax planning support, and debt management.
  • Why are employees leaving? Nearly 50% of HR leaders said their employees resigned because they wanted to explore new interests.

 

Contact us to learn more about the challenges facing HR leaders. Interested in leveraging a comprehensive financial wellness benefit to bolster your recruitment and retention? Learn more about how Ayco can help.

1 Data sourced from a survey fielded in 2022 by Ayco of 40 HR leaders from across Corporate America.

Disclosures:

Advisory services offered by The Ayco Company, L.P. d/b/a Goldman Sachs Ayco Personal Financial Management (“Ayco Personal Financial Management” or “Ayco”), a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC (“GS&Co.”) and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization. Brokerage services are offered through GS&Co. and Mercer Allied Company, L.P. (a limited purpose broker-dealer), both affiliates of Ayco and members FINRA/SIPC.