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July 23, 2024 28 mins

With a multigenerational workforce, understanding the unique needs of each – Baby Boom to Gen Z – is crucial for your business in managing employees, as well as from the standpoint of recruitment and establishing a workplace culture. Host Gene Marks speaks with Diana Scott, U.S. Human Capital Center Leader at the Conference Board about shifting priorities of the new generations, leaning heavily on flexibility and personalized benefits, and how insights on communication can help ensure employee satisfaction across the generations. Watch or listen to Paychex THRIVE, a Business Podcast.

Topics Include:

00:00:00: Episode preview

00:01:10: Introducing of Diana Scott

00:01:37: Overview of the Conference Board

00:04:15: What does the U.S. Human Capital Center do?

00:05:36: Research on what employees value

00:06:43: Importance of flexibility in the workplace

00:09:57: Balancing employer and employee needs

00:10:46: Generational differences and workplace culture

00:14:15: Competitive advantages of small businesses

00:16:48: Importance of flexibility for women in the workforce

00:18:51: What is "care washing"?

00:21:39: Competitive benefits such as parental leave

00:22:03: Additional benefits like pet insurance and legal support

00:23:06: Challenges and strategies for recruiting in a tight labor market

00:24:26: Use of AI technology in recruitment

00:26:01: Leadership and company culture

00:27:21: Wrap-up and thank you

DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

 

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