Nearly 70% of C-suite executives and 57% of employees are seriously considering finding a new job that’s more supportive of their well-being, according to a new report from Deloitte. The findings reveal that everyone is struggling to prioritize their well-being, as well as a big disconnect between how executives think their employees are doing and how they’re actually doing.
Both executives and employees report that the pandemic has impacted their well-being. Around 40% of both groups report feeling “always” or “often” exhausted, stressed, and overwhelmed, while a smaller proportion say they’re “always” or “often” lonely or depressed.
And well-being is important – 68% of employees and 81% of executives place greater importance on improving their well-being than on advancing their career. Deloitte found that around half of employees and executives have quit a job that negatively affected their well-being, while more than half are seriously considering quitting their current job for the same reason.
Even while executives struggle with their own well-being, they vastly overestimate the well-being of their employees.
Overall, Deloitte found that employees have very high well-being demands – beyond health promotions and wellness stipends – and that executives aren’t moving quickly enough to provide them.
This creates a lot of opportunity for leaders to be more health-savvy, which will both benefit themselves and their employees. Deloitte notes that Gen Z and Millennial executives are leading the way and can provide a good example for others.
For many more insights into executive and employee well-being, read the full report.