5 benefit perks to entice top millennial talent to your clients

Published 1 Min Read

Is a bigger pay packet or a rich benefits package more apt to win and retain the best employees?

In the talent wars, higher salaries are no longer the motivator they once were, research shows. That is why increased focus has been placed on health insurance and benefits packages in recent years.

Millennials are choosing to become pet-owners rather than parents, according to recent studies. “With 44% of millennials remaining unsure if they want to start their own family, their Instagram feeds may be more full of fur babies than tiny humans,” the Futurecast report says.
Some 73% of millennials own a pet, according to the American Pet Products Association, greater than the population as a whole.

But pet ownership comes with a high cost — 73% of pet owners say they would go into debt to provide for their pet’s well-being. This is where employers can make a difference, by offering a monthly pet perk. With only 9% of organizations currently doing so, there is plenty of headroom for pet insurance to become a competitive advantage.

Rachel Lyubovitzky
CEO

Rachel Lyubovitzky is CEO and co-founder of EverythingBenefits, the leading provider of next-generation automated benefits technology that uncovers hidden costs, eliminates errors and helps keep … Read full bio


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