In today’s diverse workplace, it’s not uncommon to see a multigenerational workforce working side by side. From baby boomers to millennials and Generation Z, each generation brings unique needs and expectations to the table. One of the biggest challenges employers face is designing a benefits package that resonates with this type of workforce. Understanding the Multigenerational Workforce A multigenerational workforce comprises individuals from different generations who have distinct values, aspirations, and attitudes towards work. This diversity can lead to enriched perspectives and experiences but can also present challenges when it comes to employee benefits. Baby boomers (born 1946-1964) are nearing or are in retirement, and their primary concern is health care and retirement benefits. Generation X (born 1965-1980) is juggling career growth, family responsibilities, and future financial security. They value […]