21 Sep 2015

Report: Employee reward and benefits for multi-generational workforces

This paper argues that it is too simplistic to categorise employees into a certain age range because these generational preferences are not nearly as prevalent as one would think.

Reward and benefits for multi-generation workforces

Key findings:

Regardless of age, if employees had to forego a core benefit they would forego PMI first and Life insurance second.
Communication preferences and the definition of their 'dream employer' varied across the generations.
Flexible working was found to be important in today's workforce regardless of family circumstances.
The relative attractiveness of cycle to work, gym and retail vouchers is flat across the generations with just the odd 1-2% differences by generation.

In this report, Aon draws on seven areas of research in drawing its conclusions.