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.

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.