A May 2023 study by the Transamerica Institute and the Transamerica Center for Retirement Studies revealed gaps between employer offerings and employee needs in the post-pandemic workplace. Sixty-nine percent of employers cite one or more workforce-related issues as major concerns for their company’s leadership, and more than six in 10 (61%) reevaluated their health, retirement, and other benefit offerings in 2022.
Stepping Into the Future: Employers, Workers, and the Multigenerational Workforce examined employers’ benefit offerings, identified employees’ unmet needs, and outlined recommendations, including best practices for the multigenerational workforce, such as flexibility and benefits to support employees who are also caregivers. The report is based on a survey of 1,800 for-profit U.S. employers including small, medium, and large companies (<100, 100 to 499, 500+ employees, respectively), and a survey of 5,700 workers in for-profit companies.
Based on the research findings, employers could address disconnects by:
- Encouraging work-life balance.
- Emphasizing professional development.
- Expanding health and welfare benefit offerings.
- Promoting physical health and workplace wellness.
- Supporting mental health.
- Cultivating an age-friendly work environment.