Providing benefits to a multigenerational workforce is no simple feat – not only do you have to account for widely differing employee preferences, but you also need to ensure insurance options are competitive in a complex labor market. On a recent episode of AZ Big Podcast, Marsh McLennan Agency Principal and Producer Elise Thorpe shared insights on how employers can best navigate the diverse needs of employees of all generations.
Economic uncertainty and rising healthcare costs make it difficult for employers to balance the insurance desires of baby boomers, Gen X, millennials and Gen Z. During the podcast episode, Elise spoke about how employers can cost effectively fulfill the unique needs of each generation, ultimately helping them to attract and retain talent.
“Today’s benefits have taken center stage, and it’s important for employers to understand what their particular workforce’s expectations are around what constitutes a ‘good’ benefits package and work with their broker to fill the gaps in their current program without breaking the bank,” Elise said.
Elise is a Principal at Marsh McLennan Agency in the firm’s Scottsdale office. With more than two decades of experience in health and welfare, she helps companies of varied sizes and industries to develop and implement long-term strategic plans for their employee benefits programs.
Listen to the full podcast for more details.
