Stepping Into the Future: Employers, Workers, and the Multigenerational Workforce

May 2023 | Transamerica Institute
May 2023 Transamerica Institute

Employers are adapting to the future of work while navigating a turbulent economy, competitive labor market, and evolving workplace trends. Employers feel responsible for helping their employees with professional development, work-life balance, mental health, long-term health and well-being, and retirement security. However, few employers are reflecting this sense of responsibility in actual benefit offerings and business practices.

Stepping Into the Future: Employers, Workers, and the Multigenerational Workforce examines employers’ benefit offerings, identifies employees' unmet needs, and outlines recommendations including best practices for the multigenerational workforce and enhancements to retirement savings plans from the SECURE 2.0 Act of 2022.

This research report is based on a 2022 survey of more than 1,800 for-profit U.S. employers with one or more employees and offers analysis by company size, including small, medium, and large companies (500 or more employees). It also includes relevant comparisons from a survey of 5,700 workers in for-profit companies.