Our working lives isn’t working. The recession and market headwinds continue to bring on new challenges with layoffs, reduced budgets, and increased responsibilities at work, including inflation, the untenable cost of care, and increased costs of goods and services for parents, caregivers, and employees of all kinds leading to reduced mental, financial, and physical wellbeing. Single mothers, immigrants, Blacks, Latinos, and other underrepresented employees are experiencing even tougher realities.
Here are the stats:
72% of Americans are living from paycheck to paycheck, according to the American Payroll Association. And those people cannot afford a $400 emergency expense.
Mental health concerns top the list of worries for parents; most say being a parent is harder than they expected, according to Pew Research.
The cost of everything has exploded, from childcare to mortgages and medical - inflation is at a 40-yr high according to the Financial Times, and families are struggling to keep up.
We’ve seen record-high layoffs in the first quarter of 2023, with about 200,000 in the tech sector alone.
A new report by the U.S. Department of Labor and the U.S. Women’s Bureau had a striking conclusion: The cost of child care is untenable for families across all care types, age groups, and county population sizes.
These conditions and more continue to affect how we show up as parents, employees, business owners and more. We thought it’s time we bring key stakeholders into the room to discuss how to approach our working lives for optimal wellbeing and performance. It’s also time employers understand the full picture, the implications, and innovative ways to support employees.
Join us on April 20th as we bring CEOs, CHROs, Wellbeing Champions, Parents, Caregivers, and Employees Of All Kinds together. We hope this summit can serve as an opportunity for dialogue between employers and employees, foster collaboration and the co-design of workplace solutions that supports productivity, performance and wellbeing.