The great divide between employees: Clustering employee "well-being" during a pandemic
Jacques Bughin1,2, Michele Cincera1, Dorota Reykowska3
1Université libre de Bruxelles, Solvay Brussels School of Economics and Management, iCite and ECARES, Brussels, Belgium.
Abstract:
The Covid-19 pandemic is a textbook case of significant situational stress induced by various disruptions beyond mere health concerns, such as social isolation and financial constraints. For the workforce, it is essential to anticipate how these disruptions may undermine employees' resilience, to avoid a negative spiral where poor well-being lowers productivity, reduces economic prospects, and continues to increase worker stress. We measure multiple forms of stress and worries as drivers of well-being-health, economic, social, and psychological-encountered by the workforce during the acute period of the Covid-19 pandemic. The study analyzed data from 2,780 employees across five European countries: France, Germany, Italy, Spain, and Sweden. Overall Concern Score: The overall concern score was 56.8% across four domains: health, economic, social, and psychological. Stressors can be synthesized into five typical groups associated with a variety of mediating factors such as institutional trust, lifestyle, and worker education. The implication is that workers' well-being is heterogeneous and that human resource practices may need at least a segmented approach to well-being if they wish to create an environment of a resilient and productive workforce.
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