OneDigital Managing Principal Kevin Reid Discusses Catering Benefits to a Multigenerational Workforce

In a multigenerational workplace, adopting a one size fits all policy won’t work.

RICHMOND – June 14, 2022 - While having different viewpoints, strengths, and skills among a workforce is a distinct advantage, it also brings a unique set of challenges when offering benefits packages. OneDigital Richmond’s Managing Principal Kevin Reid explains that for plan sponsors to implement workplace benefits that meet the needs of a multigenerational workforce, they must first understand what workers want. Reid notes that knowing what employees want can be the most challenging aspect for organizations.

A lot of organizations and individuals think that they know what people want or that they understand what each generation needs, the newest through the most tenured. What we tend to find is that when you survey the employees, what they asked for or what they express is of most interest for them is different than what organizational leaders often believe it to be. The biggest challenge is first the knowing, and then the second challenge quickly becomes, ‘What do we do about it?'

— Kevin Reid, Managing Principal, OneDigital Richmond

Read the full PLANSPONSOR article  here.

Looking for more information on how to navigate the new workplace? Visit OneDigital’s Retention Reset Hub for resources and practical strategies to implement now. For more tips, watch our Communicating to a Multigenerational Workforce Casual Friday video.