Open enrollment provides an opportunity to educate the workforce about attractive benefits offerings that can help boost employee retention, satisfaction and engagement. However, with members of four or five generations making up the current workforce, finding a benefits plan that satisfies everyone can be challenging. Age often impacts employees’ most desired benefits, so consider the following generally preferred benefits for each generation:
- The Silent Generation (1928-1945): Traditional core benefits, retirement benefits and formal employee recognition programs
- Baby boomers (1946-1964): Caregiving benefits, workplace flexibility, comprehensive health care plans, retirement benefits and ongoing training opportunities
- Generation X (1965-1980): Remote work, flexible scheduling and caregiving benefits
- Millennials (1981-1996): Flexible scheduling, remote work, student loan repayment programs and ongoing training opportunities
- Generation Z (1997-2012): Flexible scheduling, remote work and comprehensive employee assistance program benefits
While these are popular benefits among each demographic, they depend on the specific workforce and won’t apply in all instances. A successful multigenerational benefits plan will contain something of value for everyone.
Contact us to see how you could minimize risk:
- |
News & Opportunities
EEOC Releases Strategic Enforcement Plan for FYs 2024-28
November 28, 2023
The SEP establishes the agency’s subject matter priorities as it works to prevent and remedy
The SEP establishes the agency’s subject matter priorities as it works to prevent and remedy
Draft Instructions for 2023 ACA Reporting Released
November 25, 2023
The IRS has released draft instructions for 2023 Affordable Care Act (ACA) reporting under Internal
The IRS has released draft instructions for 2023 Affordable Care Act (ACA) reporting under Internal
CVSA Reveals 2023 Operation Safe Driver Week Results
November 22, 2023
Operation Safe Driver Week—an annual campaign conducted by the Commercial Vehicle Safety Alliance (CVSA)— took
Operation Safe Driver Week—an annual campaign conducted by the Commercial Vehicle Safety Alliance (CVSA)— took