Generational Benefits Planning
Five years on from the recession and there is still a heightened level of financial concern across employees of all ages. This is largely driven by apprehensions about the cost and availability of ongoing health insurance coverage, an increase in anxiety about job loss and growing fears that company benefits will be cut. In addition, with retirement looming for many Boomers, trepidation about their financial readiness is increasing, with many planning to keep on working.
The fact remains that companies are facing many challenges when it comes to offering a secure and rewarding benefit’s package without transferring a share of the costs onto the employee.
To maintain the highest levels of employee engagement and gain the greatest value of your investment in health care, it's important to understand the nuances in generations and what they're looking for in their benefit programs.