Workers have raised their expectations about wellbeing benefits in the workplace, and employers are stepping up to meet their needs. Despite the progress, however, more work remains, according to the 2024 Wellbeing and Voluntary Benefits Survey from Buck, a Gallagher company.

"We're seeing that employees now expect their employer to offer even more support for their wellbeing, and this need underscores the importance of employer-sponsored benefit programs," said Tom Kelly, a principal in the Gallagher health and benefits practice and coauthor of the report. "A troublesome 2 in 3 employees would change their jobs for better benefits, and 46% of workers are actively considering a job change in 2024, compared to only 35% in 2022. Younger workers are significantly more likely to pursue a job change, coming in at 53% for Gen Z."

Nearly three-fourths of organizations have increased their commitment to wellbeing programs. The top reasons cited for expanded resources are talent attraction and retention (66%), increased job satisfaction (65%) and support for mental health (59%). Although the data show some improvements in employees' self-perceptions of their overall wellbeing, 1 in 5 reports worsening mental, physical and financial health.