Tailored benefits key to attracting Gen Z talent | 5 ways senior leaders can build a positive work culture | What leaders can learn from Chef Ina Garten
To attract and retain Gen Z employees, companies must offer benefits that align with their values, such as mental health resources, flexible work arrangements, and financial wellness programs. Understanding the generational disconnect and tailoring benefits to meet the needs of all age groups can help create a cohesive and productive workforce.
Senior leaders play a crucial role in creating a positive work culture by modeling organizational values, communicating them regularly, hiring employees who align with these values and holding everyone accountable, says S. Chris Edmonds. "These critical practices require senior leaders' intention and attention every day. There's no quick fix," Edmonds notes.
Organizations should consider investing in professional development when facing high employee turnover, stress and disengagement, as well as a lack of team collaboration and adaptability to change. Offering learning opportunities like online courses, mentorship and workshops can enhance employee satisfaction and retention, fostering a culture of continuous growth.
Canadian studies from the Institute for Work and Health and the Occupational Cancer Resource Centre reveal that workers who have sustained work-related injuries are significantly more likely to visit the emergency room for opioid-related issues. The research, using data from 1.7 million workers in Ontario, highlights that injured workers are 2.4 times more likely to seek ER treatment for opioid-related incidents and 1.5 times more likely to be hospitalized for opioid-related issues.
Misalignment between HR initiatives and company goals is costing businesses $8.9 trillion annually, according to research from Eightfold AI and 3Sixty Insights, which found more than 80% of employees are seeking other jobs as a result of the disconnect. "When HR operates in sync with business objectives, organizations are better positioned to recruit, retain and develop the talent needed for sustainable growth," says Katya Laviolette, chief people officer at 1Password.
The clock is ticking on open enrollment. Like many organizations, you probably have a multigenerational workforce. For some (like me, a Gen Xer), this process is old hat. For others (your Gen Zers), it’s new or still a bit unfamiliar. How you communicate will be critical to the success of the rollout.
How do you convey benefits information to your teams? Do you use multiple channels and portals? Do you hold workshops where folks can ask questions? Some might be apprehensive about sharing questions in an open forum. Do you offer one-on-one discussions?
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