Just ask any Baby Boomer and they’ll tell you that Millennials are the worst generation to exist!
After all, they’re the ones responsible for killing the 9 to 5, 40-hour work week, the real estate industry and even diamonds!
But the most misunderstood generation of our time is reeling from the aftereffects of severe inflation, global change and crushing student loans debts and perhaps it is no wonder that their interests have changed!
When it comes to the job market, more and more Millennials believe that the benefits an employer offers are far more attractive than salary increments.
If you’re looking to attract more Millennials to your workplaces, here’s a list of perks this generation might be looking for:
Learning and Career Development
One of the major dilemmas most Millennials complain of is pertaining to the job description and requirements. Most jobs they feel they are eligible for require experience and they are unable to land jobs to gain that experience. These young adults are just starting off their careers, and are looking to learn and develop as much as possible from their jobs.
Forming a healthy atmosphere of growth and learning by incorporating training workshops, team-building courses and promotions might be what you need to attract the best talents.
Flexible Working Hours
While most Millennials suffer from being perfectionists; which is also the reason for a higher percentage of depressed individuals, this generation also understands the importance of a healthy work/life balance.
Offering flexible work timings gives Millennials the control they seek over their lives. This is also the reason why they are hailed far and wide as the killers of the 9 to 5 work day!
Student Loan Repayment Assistance
At least 67% of Millennials owe about $10,000 in debt each and a third have just student loan debts three times that much! This debt-saddled generation is likely to be paying off their college tuition for decades, making student loan repayment assistance a handy tool to bargain with.
Most Millennials claim that they would be more likely to work for a company that helps them pay off their loans—even if the job doesn’t otherwise pay very well! On the other hand, only 3% of employers offer this benefit, offering you the perfect chance to set yourself apart from your competitors!
Mental Health Support
Mental Health Awareness has been on the rise over the past decade. Millennials are now more likely to value mental health benefits, such as yoga, art classes and paid sick leaves for depressive episodes just as much—if not more—than standard health insurance. Offering free mental health support is a great way to show your employees you care about their physical and mental wellbeing.
JS Benefits Group—the Leaders in HR Consultancy
Leading HR consulting firm, JS Benefits Group are one of the most trusted sources for employee health benefit consultancy in Pennsylvania offering everything from analysis, benefits cost and compliance and health program management. Contact us today for a consultation.
