Multiple generations are represented in today’s workforce. Millennials, Gen Xers, and Baby Boomers have a widening variety of needs and wants when it comes to job satisfaction and overall career wellbeing. It goes without saying that the general desires of each generation are vastly different, but what exactly do they need from their employer?
Workers that are just entering the workforce are often looking for good take-home pay, flexibility in their work schedule, and a clear path toward career advancement. Older workers, or those who are pre-retirees, are generally more interested in quality health insurance, retirement planning, and are more interested in time off to spend with their families. In between there are mid-career employees who have young families, as well as more established employees that are beginning to see retirement on the horizon. All of these distinct employee populations have distinct needs when it comes to what creates a sense of wellbeing in the workplace.
The big challenge for employers is understanding what the population actually looks like and what the individual needs are. A one-size-fits-all solution will not meet the needs of a diverse population. Using a customized workforce evaluation tool can reveal insights as to where focus should lie. Gauging the needs of a diverse workforce allows for a tailoring of rewards to foster that sense of career wellbeing within an organization.
If you can understand who works for you and what they really want, you can craft a workplace experience that creates a strong sense of wellbeing. In return, this understanding will drive efficiencies, effectiveness, and productivity. All of this can lead to a better bottom line for your organization.
