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How To Apply HR Financial Strategies (Collection) by John Boudreau, Wayne F. Cascio, Bashker D. Biswas

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Chapter 7. Financial Effects of Work-Life Programs

“Remixing” Rewards

Consider some of the ways that the workforce is changing, and how the attitudes, beliefs, and perceptions of employees are shaping today’s workplaces.1

• The composition of the workforce now reflects the growing influence of Generation Y (about 70 million, born between 1979 and 1994), Generation X (about 35 million, born between 1965 and 1978), and Baby Boomers (about 77 million, born between 1946 and 1964).

• Especially among the members of Gen Y and Boomers, flexible work arrangements (89 and 87 percent, respectively) and the opportunity to give back to society (86 and 85 percent, respectively) trump the sheer size of the pay package. That’s not as true for Gen Xers—people ...

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