14 Sep 2017
Does Your Business Offer Benefits that Suit Millennials?

Find out what benefits your business can offer to attract millennials.

With many baby boomers at retirement age, it is important for businesses to appeal to a younger generation of workers.  However, the same benefits package that worked for older employees may not be as appealing to millennials.  Here are some of the main benefits that millennials are actually looking for.

Employee Benefit Options

Millennials want a say in their insurance options, and it’s natural that they should look for employers that offer customizable insurance packages that fit their needs.  Consider a cafeteria plan where employers allocate a certain amount of money that goes towards the benefits the employee wants.

Ability to Work Remotely

Millennials don’t want to be swamped down by a daily commute or shackled to a desk.  They desire the convenience of working from home, a local coffee shop, or wherever they please.  For the younger generations, it’s all about integrating life and work, and the ability to work remotely offers this possibility.

Flexible Schedules

Along with wanting to work remotely, many millennials favor a more flexible work day.  Rather than being confined to a stereotypical 9:00-5:00 schedule, this younger generation of workers craves the freedom to work at their own pace.  Such flexibility doesn’t mean the work isn’t getting done, it simply means that millennials don’t feel pressured to finish everything within a rigid time constraint.

Professional Development

Millennials value opportunities for career advancement, and an employer offering skill development or mentoring programs will be highly attractive.  Providing chances to advance their careers is a great way to attract millennials and ensure that they stay engaged with and committed to your company.

As millennials are becoming a major force in the job market, it’s important to consider their needs when creating your benefits package.  Consider offering some of these benefits to attract and retain millennial employees.  For assistance creating a benefits package for your business, contact the helpful professionals and Patterson & Associates Insurance.