Reimagining Pay for Today’s Workforce

October 4, 2018

Via: Ere Media

Comprised of four or even five generations, today’s workforce is a melting pot made up of employees of all ages and demographics. It’s more diverse than ever, and as a result, can pose challenges for HR professionals and employers when determining compensation processes that meet the needs of the business first, but also employees.

Whether it’s baby boomers saving for retirement, Gen Z’s paying off student loans, millennials saving to buy a home and more, today’s generationally-diverse workforce has varying lifestyle and financial priorities. As such, businesses must reimagine pay and benefits in ways that were not seen in previous generations.

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