Women continue to grapple with challenges at work, including higher rates of burnout and lower financial well-being than their male counterparts. A survey of 1,000 workers by Employment Hero found that two-thirds (69%) are women who suffer burnout at work.
Men were slightly less likely, but still indicated high burnout rates with 56% saying they have experienced it.
In the last two years, three times more men (9% vs 3%) than women have never felt stressed at work.
According to the data, women are feeling more stressed and burned out because they bear disproportionate responsibility for the increasing cost of living. Meanwhile, nearly half of women (48%) say they “aren’t on track” with their financial goals — a figure that is almost double the 27% of men who responded likewise.
Included in State of Wellbeing at Work report were the banking and financial services, education, medical/real estate, and sales industries.
Participants for this study comprised a mix of entry level through executive roles, small and large companies, as well as parents with young children or no children, and remote work versus flexible.
According to Clair Flynn, Employment Hero UK HR Lead: “This report highlights that we have quite a way yet to get anywhere near closing the mental health gap. It’s terrifying to think that most workers in every industry are facing burnout and have a lack of financial resilience. Clearly there is a call for more support. This report aims to raise awareness of the marketplace and provide insight for employers as well as those seeking employment, creating a better future for all.”
The data also tells us women are less likely than men to share information with their manager about a disagreement with colleague, personal financial concerns, or professional stress & higher burnout.
Forty-one percent of women are less comfortable offering workplace feedback to management/HR than men (48%).
“Less than half of employees are willing to talk with their management or HR teams, and that is very discouraging,” Clair shares. “Communication the first step in knowing what to fix. Of course, easier said than done. When pressure started mounting on all fronts, asking your manager for help can be an impossible feat — especially if the worry is very private.”
Scaling back to monthly check-ins is certainly less intrusive, but it can get rote and fail to touch the deeper issues.
Women also experience more difficulty with work-life balance.
In the study, more than half of men (59%) agree that they are satisfied with their mental health as opposed to less than half of women who report positive overall mental wellbeing experiences. Two thirds of men rate their physical health satisfaction higher compared to 46% of females.
Men experience the same benefits of productivity, relaxation and other interests as their female peers.
Nearly half of women and half of men agree competitive pay for a full-time position is the most appealing trait at a company. 50% also believe having remote work options are what would make them prefer one job over another outside compensation.
According to Clair, “Many women are the primary caretakers and it can begin feeling like they have 7 days a week of being ‘on.’ This could be exacerbated by the cost of living crisis too, as additional care from outside organizations might no longer be an option. That is why it is so critical to offer flexible working options. They enable working parents the opportunity for a career that is fulfilling, while not missing those important family moments like picking your children up from school. Remote work can make for a more equitable and kinder work environment which helps alleviate burnout of all employees.”
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