Answer:
How is the modern workforce different from that of the past?
Our whole culture, including our work space, is much more diverse now. Technology has also influenced our lives and jobs greatly, just think about how easy it is now to communicate with someone else. Globalization has also changed our buying habits, almost every industrialized product we buy now comes from China or other countries.
What should employers consider about compensation and benefits for successful recruitment of talented Gen Xers and millennials?
Gen Xers and millenials live and breath technology, and the same technology is continuously evolving, so are they. Companies have developed different ways to attract and keep their talent (e.d. Perks offer by Google and other technology companies) but still they are difficult employees to retain. They demand more things other than money from their employers.
What do millennials need to consider to get the compensation and benefits package they want?
The feeling of deserving more is very common among millennials and that is something that should change. Their work ethic is generally not the best, workers used to give their best for their companies, now that is not always the case. Millennials should remember that now they are the young star employees but in a decade they will be old and antiquated. Everyone has to work hard to earn the benefits.