Employee Benefits News
From baby boomers to Gen Z, the current workforce spans over several generations. With this comes different interests in company perks and benefit offerings. While the boomer generation is getting ready for retirement, millennials are preparing to start families, but what is Gen Z looking for? Company culture and mission are high on the list for the Gen Z population. They want to see company culture in full swing when joining a team, not just a mission statement. Additionally, they are looking for financial education and benefits. Auto-enrolling Gen Z into 401(k) plans is proving as an effective way to help the generation save. Furthermore, student loan repayment benefits are becoming increasingly important. Will organizations stick with the one size fits all approach to benefits or will we see more generational focused packages?