Will millennials’ expectations change the perks employers offer?
As more millennials enter the workforce, employers are looking to the largest growing employee base to get a pulse on which perks are most desirable.
Telecommuting options, flexibility, parental leave policies and workplace extras such as free snacks, gym memberships and nap pods are the most essential perks employers can offer young employees, according to a survey from ReportLinker, a technology research company.
However, those are the least likely perks to be offered by employers, according to the survey’s 500 online respondents.
While healthcare benefits (68%), paid family sick leave (54%) and flexible scheduling benefits (47%) are the most popular perks offered by employers, according to ReportLinker, employees desire benefits that most employers don’t offer.
Only 11% of employers offer telecommute benefits, whereas 19% of employers offer gym/fitness membership and 16% offer free snacks, according to the consumer survey.
If employers incorporate those benefits, the survey suggests employees are more inclined to stay loyal to the company.
“A few decades ago, when you accepted a job with an employer, you could expect to spend the rest of your career there,” the ReportLInker report said. “Good pay and health benefits ensured your loyalty. But today, as younger generations move into the workplace, businesses are finding it’s much tougher to earn employee loyalty.”
Forty percent of millennials say they are “somewhat” committed to their employer, while 66% of older employees who say they are “highly” committed.
Thus, “organizations are testing several new strategies to make employees happier and encourage them to stay longer,” ReportLinker says. “They’re providing more opportunities for professional growth, offering a wider range of perks, and making a stronger commitment to improving work-life balance.”