Once called the "slacker generation," Generation X adults born between 1965 and 1979 are now active, happy and achieving a work–life balance, according to Purchasing Power's "Guide to Generation X- Working with Them and Engaging Them."

The report details want Gen Xers want most from their employer and the perks and benefits that are most important to them.

Aside from a good salary, the "sandwich generation" caring for both children and aging parents desires a flexible workplace in terms of both work location and hours, including paid vacation and sick days. This also bodes well for their philosophy, "work to live rather than live to work," and their "work hard, play hard" attitude. They are also value more independence on the job than younger generations.

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Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.