Balancing the health benefits needs of a multigenerational workforce

With as many as five generations of people working together under the same company banner, employers are increasingly finding that they have an age-diverse workforce. 

Today’s multigenerational composition – some say a first in modern history – can be attributed to Gen Z employees entering the workforce while many of the massive baby boomer generation still remain on the job. In 2023, there were more than 4.4 million Canadians aged 55 and older in the workforce, eclipsing approximately 2.7 million workers aged 15 to 24.

In such a diverse workforce, employees span the full range of life stages: from paying off student loans and raising young families to caring for elderly parents, and from looking at starter homes to contemplating retirement. These differences make it challenging for organizations to create an inclusive workplace for people of all ages and backgrounds while addressing their varied needs and expectations.

Download the ebook Balancing the health benefits needs of a multigenerational workforce and explore the generational differences between today’s employees, and how employers can help build and sustain an engaged, productive workforce with flexible health benefits plans.