As the United States workforce ages – by 2060, the number of people aged 65 and
older will double – providing benefits that match an employee’s life stage becomes
increasingly important for employers trying to attract and retain talent. The needs
of employees differ greatly depending on their situation and life stage. The needs of
younger employees just entering the labor market are not the same as those of middleaged
employees juggling family and caregiving responsibilities or older employees
caring for a loved one.
As the needs of employees differ throughout their lives, so should employee benefits
throughout an employee’s career. Employers should consider structuring and adjusting
employee wellness offerings to attract and retain talent at different life stages. This
Global Coalition on Aging (GCOA) and TIAA Institute policy brief provides an overview of
best practices for employee benefits in different life stages.