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Essay / Generation X as top employees
Over the past two decades, employers have focused on two major workforce trends: preparing for waves of retiring baby boomers and creating a dynamic workplace to attract Millennials. Meanwhile, an often-overlooked Generation X feels less financially secure than millennials or baby boomers (Miller, 2019). According to Stephen Miller's article "Benefit Mix can Help Financially Stressed Generation X," employees of all ages cite personal finances as their biggest source of stress, but age is correlated with the level of financial stress employees feel. According to him, Generation X feels more financial pressure than the generation before or after it. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get the original essay Generation X can be defined as the generation of people born between 1965 and the early 1980s. Generation a time of uncertainty in the United States and around the world, but also experienced an explosion of technological advancement. It is this generation that experienced the fall of the Berlin Wall, the Challenger disaster, the energy crisis, the Watergate scandal, the fall of the stock market, Operation Desert Storm, but also the rise of personal computer. It's no wonder that growing up amid such social, political and financial turmoil, more Gen X babies have attended college than the baby boomers before them and are known to be incredibly independent employees. and flexible who are an excellent resource for their current employers. such a valuable company and representing 1/3 of the workforce in the United States, only 68% of Gen Xers are satisfied with their jobs. Offering a comprehensive benefits package may be the best tool an employer has to improve the job satisfaction of its Generation X employees. Human resources professionals should be able to offer their employees more than just basic benefits in order to compete in today's job market. When they understand the impact of benefits on things like bottom line costs and employee retention, they can make better decisions about benefits and help negotiate job offers that satisfy both employees. and senior management (Recuirter.com, 2019). In this journal, I will analyze some of the attractive benefits that a human remedies benefits manager could offer their employees to help alleviate the stress that Generation X employees are currently experiencing. According to Miller's article, the cost of daily living is the main barrier preventing Generation X workers from saving what they need for retirement; Having a retirement savings plan is an important part of financial stability that Gen X workers might be lacking. Access to a basic retirement savings plan is standard at most companies, but it's not enough not to truly educate and help employees maintain their savings. Providing in-depth advice, free banking, education and learning tools to simplify the process of saving for retirement and keeping employees on track financially can significantly reduce the stress surrounding their 401Ks. Miller's article also asserts that the cost of insuring growing children and aging spouses, as well as the importance of pre-existing health conditions, is a growing concern among.