Final answer:
To retain a multigenerational workforce, organizations can offer customized benefits like flexible work options and develop workplace mentor programs and promote open communication to nurture professional growth across different age groups.
Step-by-step explanation:
To retain a multigenerational workforce, an organization might focus on policies that cater to the diverse needs and workstyles of different age groups. Offering a broad range of customized benefits is an effective step. Such benefits could include flexible work options, which appeal to both Generation X employees, who value meaningful work and autonomy, and millennials, who appreciate frequent rewards and a nurturing work environment. Additionally, setting up workplace mentor programs can help in professional growth and retaining employees by fostering relationships between different generations, encouraging the sharing of knowledge, and supporting career advancement opportunities. Finally, promoting open communication within the organization also contributes to a culture where all employees feel valued and engaged.