Survey Reveals U.S. Workers Neglecting Billions in Unfiled Expense Reports

A striking survey conducted by WalkMe Ltd. WKME, a leading cloud-based digital adoption platform provider with headquarters in Tel Aviv-Yafo, Israel, reveals a pervasive issue among U.S. workers: a significant number of employees are not filing their expense reports, consequently failing to claim reimbursements that cumulatively amount to an estimated $2 billion annually. This oversight not only results in financial losses for individuals but also gives rise to job-related stress and fiscal strain especially notable during holiday seasons.

The Impact of Unreimbursed Expenses

The study uncovered that an overwhelming 48% of workers encounter job stress due to unreimbursed expenses. Moreover, 28% reported that these unclaimed funds exacerbate financial tensions during holiday periods, a time traditionally associated with increased spending. Collectively, the failure to file expense reports creates a substantial economic impact on the workforce, highlighting a need for enhanced awareness and better expense management solutions.

Financial Implications and Solutions

While WKME's findings underscore the significance of financial diligence, they also suggest a potential area of growth for the company itself and other providers in the FinTech sector. Developing and offering intuitive expense management tools could mitigate the issue, easing the burden on employees and promoting more thorough financial practices in the workplace. Such innovations could prevent the hefty aggregate loss that comes from workers leaving billions of unclaimed dollars on the table each year.

survey, expenses, stress