It’s no secret that the working world is changing. As technologies evolve and millennials and Gen Zers replace Baby Boomers and Gen Xers as the largest generations in the workforce, it’s become more clear that work itself is about to undergo a fundamental shift.
One area in particular where this shift is evident is in the benefits companies are offering their employees. Millennials and Gen Zers have different values and priorities than the generations before them. As such, the things they’re looking for in a company are different.
ForceBrands‘ 2019 Talent Market Report looked at the benefits CPG companies are offering this year as well as the benefits companies are not currently offering, but will be implementing in 2020 in an effort to meet the future needs of these new generations.
Here are the top 10 employee benefits CPG employers will be introducing in 2020 that they are not currently offering:
1. Off-site social opportunities and meet-ups (will be offered by 18 percent of employers)
2. In-office stress relief or fun (will be offered by 17 percent of employers)
3. Flex-time or work-From-where-you-want (will be offered by 17 percent of employers)
4. Tuition or continuing education reimbursement (will be offered by 16 percent of employers)
5. Paid sabbaticals for personal, professional, charitable or volunteer reasons (will be offered by 16 percent of employers)
6. In vitro financial assistance (will be offered by 16 percent of employers)
7. Summer hours/comp days (will be offered by 15 percent of employers)
8. Commuting expense reimbursement (will be offered by 15 percent of employers)
9. Full or partial subsidy for cell phone (will be offered by 15 percent of employers)
10. Student loan debt payback assistance (will be offered by 15 percent of employers)
For insights into other ways CPG companies are preparing for the future, and to see how your company measures up, you can download a copy of the 2019 Talent Market Report here.
