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For the first time, there are six generations in the workforce.
And each of those generations has different wants and needs regarding total rewards. When one-third of employees would prefer more benefits over more compensation, according to a Marsh McLennan Agency report published earlier this year, employers can help employees by allowing them to personalize their benefits, Todd Katz, EVP of group benefits at MetLife, told HR Brew.
“The most progressive employers recognize the diverse needs of their workforce, and they’ve gone out of their way to offer a broad set of benefit offerings that allow individual employees to curate benefit plans,”