InTents August/September 2024 - 38
business | management
Getting to know you
How well do you know your workforce's generational needs?
By Natalie Lindberg
E
mployers face many challenges
stemming from the diverse needs
and expectations of their workforce's
four distinct generations. Rising health
care costs, living expenses, and evolving
needs mandate reevaluating traditional
employee benefits offerings.
By catering to each generation's specific
needs and preferences, employers
can foster a culture of support and engagement
that transcends age barriers
and promotes the well-being of all employees.
This approach boosts productivity
and retention rates and strengthens
the organization's reputation as an
employer of choice in today's competitive
landscape.
Here are a few critical initiatives employers
can take to ensure their entire
workforce is thriving and productive, no
matter their generation.
Prioritizing mental health
and well-being
Effective support systems are indispensable
for maintaining a healthy workforce.
Industry reports underscore the
critical importance of addressing mental
health and well-being in manufacturing.
According to the National Association
of Manufacturers, neglecting mental
health in the workplace can significantly
impact productivity, with untreated
mental illnesses costing the global
economy billions annually. These striking
statistics indicate a growing need
for enhanced benefits and support
structures. Investing in employee wellbeing
is not just a moral imperative but
a strategic business decision.
38 intents aug-sept 2024
Each generation has its struggles and
challenges. Understanding some of the
main pain points can help leaders stay on
top of the matter. Here are some challenges
to be aware of across each generation:
Baby boomers: These individuals
may have experienced a time when
mental health challenges were stigmatized.
By prioritizing mental health
in the workplace, it helps break down
these barriers, allowing them to seek
help without fear of judgment.
Gen X: Gen Xers are often called the
" sandwich generation " as they balance
caring for aging parents while supporting
their own children. Prioritizing
mental health and well-being ensures
they have the support to juggle these
responsibilities without burning out.
Millennials: Millennials often seek
purpose and fulfillment in their work.
Employers prioritizing mental health
and well-being signal that they care
about more than just productivity, leading
to higher job satisfaction and retention
rates.
Gen Z: Gen Z is entering the workforce
focusing on holistic well-being.
Prioritizing mental health ensures early
intervention for challenges they may
face, setting a precedent for proactive
self-care throughout their careers.
Paid leave for all stages of life
Paid leave enhances the work-life
balance of each generation by providing
flexibility and financial security to
address various personal and familial
needs. By prioritizing paid leave as part
of their benefits packages, employers
InTents August/September 2024
Table of Contents for the Digital Edition of InTents August/September 2024
InTents August/September 2024 - Cover1
InTents August/September 2024 - Cover2
InTents August/September 2024 - 1
InTents August/September 2024 - 2
InTents August/September 2024 - 3
InTents August/September 2024 - 4
InTents August/September 2024 - 5
InTents August/September 2024 - 6
InTents August/September 2024 - 7
InTents August/September 2024 - 8
InTents August/September 2024 - 9
InTents August/September 2024 - 10
InTents August/September 2024 - 11
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InTents August/September 2024 - Cover3
InTents August/September 2024 - Cover4
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