People Processes

Survey reveals employees’ major financial stressors, millennials’ interest in gig work

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Sinopsis

Survey reveals employees’ major financial stressors, millennials’ interest in gig work MetLife’s 17th Annual US Employee Benefit Trends Study 2019 reveals that we are now seeing additional trends redefining why we work and what work means to people. According to the study, “[a]s employees leverage work to gain more fulfillment, pursue their goals, and align their values and experiences more authentically, they’re looking to employers to help them manage this new work-life world.” The study revealed that employees’ number one source of stress is personal finances. “Regardless of age or life-stage, a focus on finances tops the list as the biggest concern employees have day to day.” Some of employees’ stress about finances stems from short-term concerns, like staying on top of bills or paying for urgent health needs. Others stem from long-term goals — in fact, 3 of employees’ top 5 financial concerns directly relate to retirement, even among those who are relatively confident in their finances. What are