Benefits Complexity Ramped Up
Example 25 year old single female new hire Full time $36,000 salary
Choosing Benefits
Complex Decisions Which medical plan? $$ now and later? FSA/HSA/HRA? Do I save a % of my pay? How much is that? What investment funds to select? Can I buy more vacation? Do I have the right life insurance? Do I have to have disability benefits? Am I ever going to have fun again?
Difficult Financial Concepts Net pay Cash flow Pre tax Investment funds Tax bracket Year end carryover Deductible Networks
Where Do They Get Their Information?
GI Generation (81 and older) Silent Generation (61-80) Baby Boomers (42-60) Generation X (24-41) Gen Y * (4-23) *( a.k.a - Millennials or Eco-boomers) GI Generation (81 and older) Silent Generation (61-80) Baby Boomers (42-60) Generation X (24-41) Gen Y * (4-23) *( a.k.a - Millennials or Eco-boomers) Today’s Generations
Information in Age of Aquarius Boomers (over 45) –Meetings –Handouts –Booklets –Local community contacts –Internet –Videos –Podcasts
Information in New Media Gen X and Millennials (under 45) –Cell phones –Online communities –Blogs – s –Internet –Podcasts –Print –Video –Meetings
New Media Technology based Mobile Interactive User-generated Wireless Peer to Peer Instant Speed
New Media Blogs Podcast –Sound –Video Text Messaging Online Communities Or Social Networks
New Media Blogs Podcasts –Sound –Video Text Messaging Online Communities Craigslist ITunes –NPR rebroadcast YouTube Text Message Networks Wesabe
New Media
Blocking & Tackling Who’s your audience? What’s your message? What behavior needs to occur? What does the audience pay attention to? Or getting to “open” What media is available? Timing? Budget?
25 Year Old New Hire??? Millennials Generation X
Questions
Benefits Complexity Ramped Up Jackie P. Jackson