Trends: The evolving workplace

Changing workforce demographics have consistently challenged human resources to adapt to evolving worker preferences. Enhanced wellness programs and flexible remote work arrangements will continue to be one building block of successful employee benefits strategy. Modern technology can unlock the personalized offerings employees have come to expect.

Data analytics and contemporary solutions help to enable every HR manager to offer a tailored benefits package that addresses each employee’s well-being. 

That means wellness programs will continue to expand beyond basic physical health. Educational offerings and services around stress management, financial wellness, and work-life balance are becoming increasingly prevalent.

Your employees’ preferred benefits options may not only depend on their generation but also on their location and industry. It’s important not to use age as a single metric to guide your benefits strategy.

Nevertheless, we can identify some trends. Millennials may prioritize flexible work arrangements, career development options, and modern HR solutions more than other generations.

While those are equally important to Generation Z, this younger group has also demonstrated an increased interest in benefits supporting diversity, equity, and inclusion efforts. This goes hand in hand with an employer brand prioritizing social responsibility through volunteer programs.

Meanwhile, baby boomers may emphasize retirement benefits and have stronger attitudes toward benefits choices.

However, it’s important to remember that these are just general societal trends and won’t apply to each team equally. When in doubt, ask your Marsh McLennan Agency consultant about gathering the necessary data to make an informed decision.