New Survey from Indeed Finds American Workers are Most Concerned with Financial Hit During Coronavirus Pandemic

Caregiving is Also Top Concern For Employees

AUSTIN, TX (March 25, 2020) — Indeed, the world’s number one job site, released a new pulse survey today of how Americans workers are coping with the COVID-19 crisis. Worries about finances, including lost or reduced wages, is the top concern among those surveyed, with 35% saying it was what they are most concerned about with their working life. 

Additionally, 46% of workers who are unable to work from home are the most concerned about their finances, creating additional anxiety during these unprecedented times. 

“We know family and health are people’s number one concerns during this pandemic, but their jobs are not far behind,” said Paul D’Arcy, SVP at Indeed. “Given the current uncertainty in the markets and around government action, it’s clear why finances and wages are on the minds of American workers right now.”

Instability in the markets and local businesses being closed by regional “shelter-in-place” orders led to 26% of survey respondents saying losing their job was of concern. In addition to finances and job security, caring for loved ones was the next leading concern, selected by 27% of those surveyed. 

To understand the evolving needs and anxieties of employees and job seekers right now, Indeed will survey 1,000 American workers weekly to determine their most pressing concerns with their careers as a result of the COVID-19 crisis. New results will be released every Wednesday over the next several weeks.

Full survey results below. For more information on this survey, please contact Kristen Gehring at kgehring@indeed.com. For tips and guides on handling work and job search during today’s pandemic, please see Indeed’s special COVID-19 Career Guide

 

Which of the following parts of your working life are you concerned about during the COVID-19 pandemic? 
SUMMARY TABLE OF “VERY CONCERNED” Total
Taking a financial hit (reduced wages, less contract work, decreased paid time off) 35%
Caring for loved ones (parents, relatives, pets) 27%
Contracting COVID-19 in the workplace 26%
Losing my job (impacts to my sector or the business where I work) 26%
Spreading COVID-19 in the workplace 25%
Maintaining my mental health (work/life balance, stress, social isolation) 22%
Challenges of working from home (productivity, meeting goals, navigating technology) 19%
Balancing childcare arrangements 16%

 

Of these about which you are “very concerned”, which ONE would you say you are most concerned about right now? Total
Taking a financial hit (reduced wages, less contract work, decreased paid time off) 24%
Contracting COVID-19 in the workplace 21%
Caring for loved ones (parents, relatives, pets) 16%
Spreading COVID-19 in the workplace 12%
Losing my job (impacts to my sector or the business where I work) 12%
Maintaining my mental health (work/life balance, stress, social isolation) 7%
Challenges of working from home (productivity, meeting goals, navigating technology) 4%
Balancing childcare arrangements 3%

 

 

Survey Methodology:

To conduct this study, Indeed will survey 1,000 US respondents each week over a 24-hour period for ten consecutive weeks. The weekly survey results are from those respondents who report that they are currently employed. 

About Indeed:

More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world (comScore, March 2018) and allows job seekers to search millions of jobs in more than 60 countries and 28 languages. More than 250 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed delivers 3X more hires than any other job site (SilkRoad Technology Source of Hire Report, 2018). For more information, visit indeed.com.

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