MMA Blog

Employee Benefits for a Multi-Gen Workforce

Small or large, company workforces can be a diverse mix of generations. To be able to keep great talent and recruit the best new hires, benefits teams should be prepared to offer the best possible packages of employee benefits. Offerings must appeal to a wide variety of needs, from early-career goals to late-career financial planning.

 

Retain with Flexible Schedules and Retirement Innovation

Your employees have much in common. Boomers, Gen Xers, Millennials and Gen Zers like a flexible schedule, whether it's an office that's remote-work friendly or one where workers can adjust their start and end times in order to drop off children at school or pick them up in the afternoon. They like work/life balance and want to be able to enjoy their downtime outside of regular office hours.

Don't make assumptions based solely on an employee's age. Younger hires aren't all eager to find that next big job title — they actually want challenges and education so you can reward them with promotions based on great work. And you shouldn't assume that your older employees are eagerly eyeing retirement. For example, senior employees can utilize a phased retirement option offered by federal government agencies.  This allows them to work part time while taking partial retirement benefits and spending 20 percent of their work time mentoring colleagues.

 

Keep Employee Benefits Interesting for Attracting New Hires

When asked about attracting millennials, one professional blogger notes you have to offer more than just a good paycheck.

"If someone is really good at what they do, they know they can make money," writes Zak Johnson at Forbes. "One of the best ways to bring top talent to your company or business is to offer more than just a salary. This would include everything from ownership, shares, health benefits, travel compensation or anything else that might apply. Consider what your competition would offer, then do it better."

HR teams know it can be a struggle to find that perfect candidate. It may come down to who stands out in the job market with the best employee benefits.

There are many recent innovations in the benefits realm, such as:

  • Partial or matched student loan repayments
  • Fitness and wellness stipends
  • Sabbaticals
  • Paid maternity and paternity leave
  • Paid caregiver leave
  • Unlimited PTO
  • Support for ongoing learning and career development
  • Volunteer time
  • Vendor discounts on services like cell phone packages or identity theft protection

 

Customize Your Benefits to Suit Your Employees

Employee benefits aren't always one-size-fits-all, and a good consultant should be able to customize what you're offering employees to suit everyone's needs.

There are always new innovations in the benefits space that could mean the difference between keeping employees happy and leaving them wanting. Our team of benefits advocates at Marsh McLennan Agency (MMA) can evaluate your workforce’s unique needs and help you plan for the year ahead.

Keep Up To Date

Subscribe to our blog for all the latest news, updates, and events from MMA and our partners

Subscribe

Tell us what you need. We’ll take it from there.

Get a Quote


    YesNo











        First, tell us about you:






        EmailPhone


        Next, tell us about your business:





        Now tell us about the coverage or coverages you need:


        Commercial InsuranceEmployee BenefitsHealth InsuranceSuretyOther



        NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

        You are ready to submit the form:

          First, tell us about you:






          EmailPhone





          Next, tell us about the coverage or coverages you need:


          AutoHomeIndividual HealthUmbrellaRecreationalWatercraftRenter’s InsuranceLife InsuranceWedding Insurance



          NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

          Now you are ready to submit the form:

            First, tell us about you:






            EmailPhone





            Next, tell us about the coverage or coverages you need:


            AutoHomeIndividual HealthUmbrellaRecreationalWatercraftRenter’s InsuranceLife InsuranceWedding Insurance



            NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

            Now you are ready to submit the form:

              First, tell us about you:






              EmailPhone


              Next, tell us about your business:





              Now tell us about the coverage or coverages you need:


              Commercial InsuranceEmployee BenefitsHealth InsuranceSuretyOther



              NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

              You are ready to submit the form:

                First, tell us about you:

                Contact Form

                -->




                    First, tell us about you:






                    EmailPhone





                    Step 1 of 2Next

                    Next, tell us about the coverage or coverages you need:


                    AutoHomeIndividual HealthUmbrellaRecreational

                     

                    WatercraftRenter’s InsuranceLife InsuranceWedding Insurance



                    NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

                    Now you are ready to submit the form:

                      First, tell us about you:






                      EmailPhone


                      Step 1 of 3Next

                      Next, tell us about your business:





                      Step 2 of 3Next

                      Now tell us about the coverage or coverages you need:


                      Commercial InsuranceEmployee BenefitsHealth InsuranceSuretyOther



                      NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

                      You are ready to submit the form:

                        First, tell us about you:






                        EmailPhone





                        Step 1 of 2Next



                        NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

                        Now you are ready to submit the form:

                          Review Form

                            First, tell us about you:






                            EmailPhone







                            NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

                            Now you are ready to submit the form:

                              First, tell us about you:






                              EmailPhone





                              Next, tell us about your claim:






                              NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

                              Now you are ready to submit the form:

                                First, tell us about you and your business:







                                EmailPhone


                                Next, tell us about the surety bond you need:







                                NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

                                Now you are ready to submit the form:

                                  Contact us for a quote:

                                    First, tell us about you:






                                    EmailPhone





                                    Next, tell us about the coverage or coverages you need:


                                    AutoHomeIndividual HealthUmbrellaRecreationalWatercraftRenter’s InsuranceLife InsuranceWedding Insurance



                                    NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a Marsh McLennan Agency representative advising that your request has been processed.

                                    Now you are ready to submit the form:

                                      First, tell us about you:

                                      Contact Form

                                      -->

                                      cross linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram