Does Your Business Offer Benefits to Suit Millennials?

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

With many baby boomers at retirement age, it is important for businesses to appeal to  younger workers.  However, the same benefits package that worked for older employees may not be as appealing to millennials.  Read on and consider offering these benefits to attract millennials.

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.  Many millennials do not have the same concerns or responsibilities as older employees.  As a result, an old benefits package might not be doing enough to draw millennial interest.  Businesses should consider offering 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 want the ease of working from home, a local coffee shop, or wherever they please.  For the younger generations, it’s all about combining life and work.  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 the usual 9:00-5:00 schedule, this younger generation of workers wants freedom. Allowing employees to work at their own pace ensures that their work isn’t rushed.  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.  This means that an employer offering skill development or mentoring programs will be highly attractive.  In some cases, a millennial will choose a position that offers career mobility over a higher paying job.  Again, with millennials, it’s better to focus on benefits that offer flexibility and growth.  Providing chances to advance their careers is a great way to attract millennials and ensure that they stay engaged with and committed to a company.

As millennials are becoming a major force in the job market, it’s important to consider their needs when creating a benefits package.  If your clients are trying to appeal to younger workers, they should consider offering some of these benefits to attract millennials.  It’s also important that businesses have the necessary insurance to keep employees of all ages safe.  To offer your clients the most comprehensive coverage for their businesses,  contact the helpful professionals at PMC Insurance Group.

By PMC Insurance Group

Since 1996, PMC Insurance Group has worked to help independent agents grow their client base by offering workers' compensation solutions for a wide array of businesses. As one of the most distinguished workers' compensation wholesalers in the country, we have the tools and resources to help you create coverage programs for both small businesses and large accounts.

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