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.; The New Definition of Work-Life Balance With four generations in the workforce (Baby Boomers, Generation X, millennials and Generation Z), the definition of work-life balance isn’t “one size fits all.”

“In the past, when candidates would negotiate their vacation days, they would always bring the same arguments — 'I have X years of experience' and 'I’m getting X weeks of vacation at my current company' — and those are very fair arguments,” said Maaike van Gogh, senior total rewards and data specialist with Alimentiv.

To create more consistency, the member is now considering options such as increasing base salary by x% or giving a spot bonus of x%.

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According to recent studies, 81% of Gen Z workers, 75% of millennials and nearly half of those in Gen X expect employers to be transparent about compensation.

Viewed: Dec. 9, 2022. https://doi.org/10.1093/geront/gnaa031.

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Some of the more unusual benefits identified by Preply was baby milk shipping for new parents, offered at employers like X (formerly Twitter) and Johnson & Johnson, and Google’s “baby bonding bucks,” which is a monthly stipend for new parents to spend on items like meal delivery or cleaning services (see graphic below).

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The authors relate this to the California government mandate for city manager pay transparency in 2010 that preceded a 7% decline in compensation, mainly at senior levels, and the move for academic pay transparency from 1997 to 2017 that showed a reduction in variance in academic pay.