Title: A study of preferences on workplace benefits: a comparison among three generations of employees

Authors: Rutcharin Kullachart

Addresses: Faculty of Management Sciences, Kasetsart University, Sriracha Campus, Chonburi, Thailand

Abstract: The results of this study showed that the benefits approach under generational differences and Baby Boomers' highest average included income protection, provident funds, work/life balance programs, flexible work arrangements, allowances, and transportation allowances. Generation X's highest average included income protection, provident funds, work/life balance programs, vacations, and allowances, such as transportation allowances. Generation Y's highest average included income protection, provident funds, work/life balance programs, vacations, and allowances, such as transportation allowances. The hypothesis testing revealed that employees in each generation focused on benefits approaches under generational differences. The structural equation model analysis showed that the results met the assessment criteria and were consistent with the empirical data. The probability of the chi-square was 0.057. The relative chi-square was 1.957. The index of item-objective congruence was 0.989. The root mean square error of approximation was 0.049.

Keywords: Baby Boomers; Generation X; Generation Y; benefits; income protection; work/life balance programs; allowances.

DOI: 10.1504/IJWOE.2024.143172

International Journal of Work Organisation and Emotion, 2024 Vol.15 No.4, pp.384 - 401

Received: 25 Apr 2023
Accepted: 20 Mar 2024
Published online: 05 Dec 2024 *

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