Gen Z workforce compel companies to roll out new-age benefits to attract talent

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The focus on insurance and wellness that became critical during Covid continues to exist -- and organisations are continuing to adopt flexible work models to ensure the work-life balance and support employees.AgenciesGiven the declining population of Baby Boomers (5%) and Generation X (29%) in the workforce, a host of new-age benefits are gaining ground...

The pandemic has brought about a sharp shift in the benefits employees look for from India Inc..

Where pre-pandemic employees were more focused on cash-related benefits/ perquisites, post-Covid, it's wellness and safety that takes the centre-stage, the 2023 Deloitte India Benefits Trends Survey, shared exclusively with ET, has revealed...

What the latter wants more is gender-neutral childcare benefits, flexible work, an inclusive and diverse culture as well as an organisation that rewards and recognises their performance," Neelesh Gupta, director, Deloitte India, told ET...

These include gender-neutral leave policies, menstrual leaves, mental wellness leave, childcare benefits over & above statutory, additional maternity benefits, virtual care programmes, financial consultation, return-to-work programmes for new parents, hybrid working model, increased insurance cover, inclusion of OPD cover, pet care policy and fitness benefits...