{"id":4559,"date":"2025-07-14T09:52:40","date_gmt":"2025-07-14T13:52:40","guid":{"rendered":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/?p=4559"},"modified":"2025-07-14T09:52:41","modified_gmt":"2025-07-14T13:52:41","slug":"findings-from-marsh-mclennan-point-to-an-evolving-workplace","status":"publish","type":"post","link":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/findings-from-marsh-mclennan-point-to-an-evolving-workplace\/","title":{"rendered":"Findings from Marsh McLennan\u00a0Point to an Evolving Workplace"},"content":{"rendered":"<p class=\"leading\">According to research conducted by the <em>Marsh McLennan<\/em>&nbsp;Agency, the American workplace is undergoing some major changes. Employee benefits, in particular, will be influenced by three major themes. They are:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Benefits and Talent<\/strong> \u2013 Employees will make job decisions based on an employer\u2019s benefits, requiring employers to expand and curate their offerings so that they are appealing to a multigenerational workforce, while improving their benefit-related education and communications.<\/li>\n<li><strong>Whole Person Health<\/strong> \u2013 There will be a greater emphasis on an employee\u2019s overall well-being which influences their medical insurance, and which acknowledges all of the social determinants that affect well-being (e.g., mental and physical health, nutrition, housing, access to transportation, education, recreation, etc.).<\/li>\n<li><strong>Health Care Costs<\/strong> \u2013 Employers will be more affected by inflation, rising specialty drug costs, and other factors such as supply chain challenges and labor shortages which will further escalate health care costs.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">The Multigenerational Workforce<\/h2>\n<p>The American workforce now includes employees from four generations: Boomers, Gen X, Gen Y and Gen Z. Each have different ambitions, motivations and communication preferences. For Boomers, job security was always their chief aspiration, however Gen X seeks work-life balance, Gen Y seeks freedom and flexibility, and Gen Z seeks security and stability. Their motivations also differ across generations. Boomers are motivated by company loyalty, teamwork and duty. Gen X is motivated by diversity, work-life balance and personal interests over company interests. Gen Y is motivated by responsibility, quality of their manager, and unique work experiences, while Gen Z is motivated by diversity, personalization, creativity and individuality.<\/p>\n<h2 class=\"wp-block-heading\">Key Statistics<\/h2>\n<p>Following are some important statistics reported by <em>Marsh McLennan<\/em>&nbsp;to further support what employees are seeking from their employers and work experience:<\/p>\n<ul class=\"wp-block-list\">\n<li>1 in 3 employees would waive a pay increase in exchange for more benefits for themselves and their families.<\/li>\n<li>73% of employees indicate they would remain with a company when provided with better health insurance options.<\/li>\n<li>82% of employees with 10 or more benefits say they are thriving.<\/li>\n<\/ul>\n<p>Some employers are listening, with 42% saying they plan to offer personalized benefits and 85% of Human Resources leaders indicating personalized benefits are essential.<\/p>\n<h2 class=\"wp-block-heading\">The Benefits Education and Communication Factors<\/h2>\n<p>What may be standing in the path of employers leveraging benefits to attract and retain quality employees is the lack of understanding many employees have regarding their benefits. For instance, 47% of employees say they do not understand their total health care costs. This finding may be lost on employers with 76% estimating that their employees \u201cunderstand their health care costs well.\u201d To close this perception gap, employers would be well-served to develop new benefit education programs and materials accessible in the formats preferred by the different generations (i.e., Boomers \u2013 more formal in-person or phone communications, Gen X \u2013 informal but direct via email or text messages, Gen Y \u2013 frequent and timely feedback, text\/chat messages, and Gen Z \u2013 in-person preferred, video calls).<\/p>\n<p>The <em>Marsh McLennan<\/em> Agency\u2019s report titled, \u201c<a href=\"https:\/\/www.marshmma.com\/us\/insights\/details\/employee-health-and-benefits-trends.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">2024 Employee Health &amp; Benefits Trends \u2013 The Evolving Workforce<\/a>\u201d provides other valuable findings for employers and the Human Resource staff to review and address in their employee benefits strategies and programs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to research conducted by the Marsh McLennan&nbsp;Agency, the American workplace is undergoing some major changes. Employee benefits, in particular, will be influenced by three major themes. They are: The Multigenerational Workforce The American workforce now includes employees from four generations: Boomers, Gen X, Gen Y and Gen Z. Each have different ambitions, motivations and&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/findings-from-marsh-mclennan-point-to-an-evolving-workplace\/\" title=\"Read Findings from Marsh McLennan\u00a0Point to an Evolving Workplace\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4559","post","type-post","status-publish","format-standard","hentry","category-blogs"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/4559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/comments?post=4559"}],"version-history":[{"count":1,"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/4559\/revisions"}],"predecessor-version":[{"id":4560,"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/4559\/revisions\/4560"}],"wp:attachment":[{"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/media?parent=4559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/categories?post=4559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/tags?post=4559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}