BENCHMARKING TOOL HOME HOW TO USE THE TOOL THE VALUE OF BENCHMARKING       Regional Insights       Company Size Insights       Company Type Insights       Industry Insights       Employee Job Type       Household Income Insights     Generation Insights       Life Stage Insights ABOUT THE DATA This annual Study is the source data for the Benefits Benchmarking Tool. It is unique in its scope and depth  and provides extraordinary levels of detail regarding benefits programs and perceptions of employers and employees. Access the Study

The American workforce is increasingly diverse. Thanks to increased life spans, generally healthier workers, and financial considerations that may keep employees working longer, employers will be challenged to offer benefits that appeal to multiple generations, each with unique priorities. The Benefits Benchmarking Tool offers four generational benchmarking segments: Generation Y (those born 1977-1994), Generation X (those born 1965-1976), Younger Baby Boomers (those born 1956-1964) and Older Baby Boomers (those born 1946-1955). Since Boomers are such a large portion of the workforce today, their impending retirement is expected to create labor shortages and ramp up competition among other generations. Employers who recognize the benefits expectations of all generations may have an edge in this environment. Consider these examples of generational attitudes toward benefits: Generational Attitudes 38% of Generation X employees strongly agree that employee benefits were an important reason for choosing their employer compared to 26% of Generation Y employees who feel that way. 35% of Younger Baby Boomer feel their company’s benefits communication effectively educate them while 43% of Generation X employees say the same. 48% of Generation X employees are interested in a wider array of voluntary benefits; 38% of Younger Baby Boomers say the same. 35% of Generation Y employees would like to be given guidelines for “people like me” compared to 20% of Older Baby Boomers. Enlarge | Download View Previous Insight   View Next Insight Source: 6th Annual MetLife Study of Employee Benefits Trends

Privacy Policy | Legal Notices | Contact

L08086162[exp0709][All States] © 2007 Metropolitan Life Insurance Company, NY, NY