Global Best Practices for Employee Benefits Across Life Stages

This knowledge brief from the Global Coalition on Aging (GCOA) outlines best practices for employee benefits tailored to different life stages. It emphasizes the importance of aligning benefits with the unique needs of employees as they progress through various life stages, such as young adulthood, parenting, caregiving, divorce or widowhood, retirement, and legacy. The document highlights that employers must adapt their benefits offerings to attract and retain talent effectively. It discusses how younger employees may prioritize work-life balance, while mid-career and older employees may require support for childcare and caregiving responsibilities. The brief also notes that a significant portion of the workforce is disengaged, which underscores the necessity for employers to provide comprehensive benefits that promote employee wellness. By addressing the diverse needs of employees, organizations can enhance productivity and reduce turnover, ultimately fostering a more engaged and satisfied workforce.