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Lisa Margeson, a managing director at Bank of America and one of the panelists, said that one of the most valuable parts of these surveys is exploring those disconnects between what employers think about their benefit offerings and what employees think. She emphasized that employers were just beginning to understand their employees' concerns about economic insecurity. "In this backdrop of inflation [uncertainty] what we saw was that seven in 10 employees said that they are incredibly stressed about their finances. And that of course has implications to their productivity," she said. "This year we saw only 42% of employees say they felt good about their financial wellness. That is the lowest since we started doing this report. That's pretty significant." One area where improvement may be found is in data management and analysis for employee satisfaction or concerns. A finding of the survey is that slightly more than half of employers (54%) tracked data on evaluating the effectiveness of employee satisfaction with benefit offerings. And only a third (33%) tracked data on employee engagement with financial wellness offerings. Data tracking for stress levels was relatively low, at 27%, and data tracking for use of emergency savings (15%), and student loan balances (14%) were also low.

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Prioritize financial wellness programs: Top 5 issues employers need to focus on

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