Businesses remain financially strong, but they’re more stressed and expect to feel the impact of inflation
Businesses feel better about their finances compared to a year ago—but inflation, rising interest rates, and other trends have them concerned for the future.
The latest Principal Financial Well-Being IndexSM showcases both the resilience of United States businesses and the persistence of their challenges, such as hiring and retention.1
Here’s a snapshot from each of the four trends in this wave (download the full set of infographics (PDF) to see all the insights):
See all the stats and insights from the latest Principal Financial Well-Being IndexSM.
1: Financials and inflation
Looking back: Businesses report improved financials compared to this time last year.
Looking ahead: The top two concerns for both businesses and employees are inflation and the cost of health care.
2: Job vacancies
Larger businesses especially have more vacancies and are spending more time on employee recruitment compared to about a year ago.
3: Employee benefits
- Visit principal.com/businesses to find more resources to help your business grow.
1 The Principal Financial Well-Being IndexSM (March 11-23, 2022) surveyed 500 business leaders at companies with 2-10,000 employees. Businesses must offer at least health insurance or retirement benefits. This wave also included input from 230 full-time employees, surveyed March 11-17, 2022.
2Small businesses = 2-499 employees. Large businesses = 500-10,000 employees.
About the Principal Financial Well-Being IndexSM
The Principal Financial Well-Being IndexSM surveys business owners, decision makers and business leaders aged 21 and over who work at companies with 2 – 10,000 employees. The nation-wide survey, commissioned since 2012, examines the financial well-being of American workers and business employers. In response to COVID-19, the Well-Being Index was transformed from an annual survey to a quarterly pulse, offering three waves, revisiting questions and measuring sentiment regarding timely issues in the small and midsized business marketplace. In the first pulse of the Well-Being Index in 2022, the employee audience was added to the survey to compare and contrast key ideas and sentiment from employers. The survey was commissioned by Principal and conducted online by Dynata from March 11-23, 2022, with a total of 500 business owners, and decision maker participants and a total of 230 employee participants. The research report focuses on providing a holistic perspective on key trends and timely issues in the small and medium business market.
Principal developed a dedicated portal for employers designed to help business handle the effects of COVID-19 and a challenging economy in the months ahead. To learn more visit Navigating Business Now.
Dynata is not an affiliate of any company of the Principal Financial Group®
Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal Funds, Inc. Is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.