{"id":12606,"date":"2022-10-14T09:30:28","date_gmt":"2022-10-14T14:30:28","guid":{"rendered":"https:\/\/www.premisehealth.com\/resources\/blog\/top-benefits-for-your-multigenerational-workforce\/"},"modified":"2023-04-21T14:46:16","modified_gmt":"2023-04-21T19:46:16","slug":"top-benefits-for-your-multigenerational-workforce","status":"publish","type":"post","link":"https:\/\/www.premisehealth.com\/resources\/blog\/top-benefits-for-your-multigenerational-workforce\/","title":{"rendered":"Top Benefits for Your Multigenerational Workforce"},"content":{"rendered":"\n
\n\n
\n\n

In today\u2019s work environment, it\u2019s not uncommon for organizations to have multiple generations working side by side. A father of three may be managing a team of recent college graduates in a company led by a CEO nearing retirement. With such a wide age range, employees\u2019 priorities and career goals will vary drastically, making it important for HR teams to offer employee benefits for different generations. Attracting and maintaining top talent is a priority for all companies, and an appealing benefits package can help a future employee decide which offer they\u2019ll accept. However, a study by Barclays found that 85% of employees feel their employer\u2019s benefits package failed to provide what they needed to meet current and future goals.<\/p>\n

HR leaders have a significant opportunity to think more strategically about the employment benefits they\u2019re offering to their people. To get started, HR teams must first get a pulse on what their employees want.<\/p>\n

One size doesn\u2019t fit all<\/h2>\n

Benefits are an important component in any career, but if they\u2019re not relevant to your workforce they won\u2019t be utilized. Engage employees in your planning process by simply asking what they want and value in a benefits package, either by facilitating focus groups or surveying your population on an annual basis. Consider the following benefits, along with the feedback you gather, when thinking about what is most important to the generations you employ.<\/p>\n

Employee benefits by generation<\/h2>\n\n<\/div><\/section>\n
\n\n\n\n\n\n \n
\n
\n
\n \"\"\n <\/figure>\n <\/div>\n\n <\/section>\n\n \n\n\n
\n\n
\n\n

Baby Boomers (born 1946 \u2013 1964)<\/strong><\/p>\n

Boomers make up the smallest percentage of the current workforce, although many are choosing to work well into their 60s. As they near the end of their careers, Boomers\u2019 benefits focus is almost entirely on retirement and healthcare services. In fact, a study by MetLife found that over 90% of Boomers want their employer to provide robust health insurance. Their priorities include:<\/p>\n