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Overalls 2024 Year-in-Review Report Uncovers Tremendous Drain on Employee Productivity Due to Life Stressors

GlobeNewswire LogoGlobeNewswire3d ago

Overalls 2024 Year-in-Review Report Uncovers Tremendous Drain on Employee Productivity Due to Life Stressors - GlobeNewswire

Quick Summary:

"Overalls transforms this dynamic by tackling these challenges head-on, freeing up employee time and driving significant productivity gains for businesses.” Actionable Insights from Overalls’ 2024 Data The report highlights that stress impacts employees across all demographics, demonstrating the importance for employers to provide tailored support at each life stage to effectively address diverse challenges: Young Families: Medical/Employer Benefits (20%), Wildcard (20%), Home/Moving (21%)Single Parents: Home/Moving (26%), Family (14%), Finances (12%)Singles Without Children: Medical/Employer Benefits (26%), Home/Moving (22%), Wildcard (19%)New Hires: Wildcard (27%), Medical/Employer Benefits (23%), Finances (13%) Overalls’ LifeConcierge™ platform is designed to remove these barriers to productivity by resolving real-life challenges with speed and empathy.The result?

Report Reveals Life Stressors - Including Medical Insurance, Moving and Finances - Reduce Employee Productivity by Approximately 2.3 Hours Per IncidentNEW YORK, Jan.28, 2025 (GLOBE NEWSWIRE) -- Overalls, a productivity platform offering its proprietary LifeConcierge app, released its 2024 year-in-review, based on over 23,000 employee support requests and over 250,000 corresponding data points.

Key takeaways from the report: The top employee requests include: Medical + Benefits - 21%Wildcard* - 20%Home + Moving - 21%Travel - 11%Finances - 9% With Overalls employees saved an average of: 3.2 hours on health and well-being tasks3.2 hours on financial matters3.3 hours on caregiving responsibilities2.8 hours on pet care2.6 hours on navigating employee benefits2.3 hours, representing real-time productivity gains redirected toward business growth.*Wildcard includes a variety of miscellaneous requests, underscoring the wide-ranging challenges employees face.

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Article Details

Author / Journalist: Overalls

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 14:05:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 25581172

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 25 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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