Gear your business to provide benefits for Millennial employees.
Any business looks to attract, employ, and maintain top working talent. The employees are the sturdy workforce of each company and can drive it forward. Finding the right staff comes easily with a good role, perks, and a stable management. While plenty of businesses are still gearing benefit packages towards Generation X and Y, the Millennials are the upcoming (work)force to be reckoned with.
The benefits that suit your older staff members are not likely to impress the Millennials coming into the job sector. Millennials are interested in a work-life balance, and making the pieces of their professional life and personal life seamlessly integrate. Maybe it’s time to get rid of that stale gym membership.
Here are the top employee benefits that Millennials are looking for:
Unlimited paid time off – As the line between professional and personal time blurs with the younger generation, giving employees more freedom over their time off is incredibly beneficial.
Telecommuting – Does your company chain employees to their desks? Word of advice: stop. Millennials expect to be able to work remotely when they need to, as it keeps in line with the work-life integration.
Health incentives – Now, most mid-sized to large employers are offering some kind of investment in wellness initiatives. Employees are looking for more than a fitness center membership – such as stress management plans, yoga classes, and financial advice.
Ongoing performance assessments – Employee engagement is important for younger employees. Millennials are hungry to learn and grow in their careers, so they are eager to have constant assessments of their work performance. They are likely to become bored and leave an organization if they’re not feeling fulfilled and engaged.
Now that your employees are happy with their benefits, it’s time to protect your business in its entirety. Contact Lofgren Agency to get started on securing your business insurance today.