What mil­len­ni­als want

Employee Benefit News - - FEATURES - —Amanda Eisen­berg

As more mil­len­ni­als en­ter the work­force, em­ploy­ers are look­ing to the largest grow­ing em­ployee base to get a pulse on which perks are most de­sir­able.

Telecom­mut­ing op­tions, flex­i­bil­ity, parental leave poli­cies and work­place ex­tras such as free snacks, gym mem­ber­ships and nap pods are the most es­sen­tial perks em­ploy­ers can of­fer young em­ploy­ees, ac­cord­ing to a sur­vey from Re­portLinker, a tech­nol­ogy re­search com­pany.

How­ever, those are the least likely perks to be of­fered by em­ploy­ers, ac­cord­ing to the sur­vey’s 500 on­line re­spon­dents

While health­care ben­e­fits (68%), paid fam­ily sick leave (54%) and flex­i­ble sched­ul­ing ben­e­fits (47%) are the most pop­u­lar perks of­fered by em­ploy­ers, ac­cord­ing to Re­portLinker, em­ploy­ees de­sire ben­e­fits that most em­ploy­ers don’t of­fer.

Only 11% of em­ploy­ers of­fer telecom­mute ben­e­fits, whereas 19% of em­ploy­ers of­fer gym/fit­ness mem­ber­ship and 16% of­fer free snacks, ac­cord­ing to the con­sumer sur­vey.

If em­ploy­ers in­cor­po­rate those ben­e­fits, the sur­vey sug­gests em­ploy­ees are more in­clined to stay loyal to the com­pany.

“A few decades ago, when you ac­cepted a job with an em­ployer, you could ex­pect to spend the rest of your ca­reer there,” the Re­portLInker re­port says. “Good pay and health ben­e­fits en­sured your loy­alty. But to­day, as younger gen­er­a­tions move into the work­place, busi­nesses are find­ing it’s much tougher to earn em­ployee loy­alty.”

Forty per­cent of mil­len­ni­als say they are “some­what” com­mit­ted to their em­ployer, while 66% of older em­ploy­ees who say they are “highly” com­mit­ted.

Thus, “or­ga­ni­za­tions are test­ing sev­eral new strate­gies to make em­ploy­ees hap­pier and en­cour­age them to stay longer,” Re­portLinker says. “They’re pro­vid­ing more op­por­tu­ni­ties for pro­fes­sional growth, of­fer­ing a wider range of perks, and mak­ing a stronger com­mit­ment to im­prov­ing work-life bal­ance.”

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