It's time to make benefits personal - The top three tactics

Understanding and defining the needs of different workforce generations is one of the biggest trends in reward strategy and has been for the past few years.

This is no surprise when Generation Y, the children of the late 80s and 90s, are set to make up more than 50% of the workforce by 2020. Their needs are different. They want a more flexible work schedule and crave recognition. As the age range within the workforce widens and demographics continue to shift, it creates increasingly diverse employee requirements. It’s clear that business’ long-term reward strategy will have to change in order to engage and cater to the needs of a multi-generational workforce.