It’s time to finally put aside the notion that millennials are flighty and unpredictable. Generally defined as people who born between the early 1980s and the early 2000s, this cohort has moved out of its entry-level jobs and are now working as managers and directors. In fact, high-potential employees have become high-performers. Companies are now looking for ways to hold onto them, which is why understanding what exactly they need from their benefits is imperative.
Here are some supplemental benefits that employers should take note of when looking to retain their millennial talent pool.
Better Family Benefits
Now, millennials are finally ready to settle down and start families of their own. In fact, it’s this stage of their lives when they become more interested in family-friendly benefits. Things like child-care reimbursement and paid time off are popular perks that millennials would like to see from their employers. Paid time off would inspire these millennial workers to switch to a different position- that’s how important is really is.
Financial Benefits
Debt is considerably a major issue for most millennials. As a result, they are particularly interested in working at places that provide them with numerous financial benefits. Being able to manage all their loans can be complicated for most of them. Therefore, getting those student-loan reimbursements can really be a great way to keep your millennials workforce in place.
Development and Training Opportunities
One of the biggest and most common stereotypes about millennials is that they’re ambitious without actually wanting to pay their dues. But, the reality is that they are willing to work at developing their careers with the assistance of training opportunities to help them grow and learn. In fact, millennials want the training necessary to make their careers grow. Having an employer who provides them with this service will keep them from looking for a position elsewhere.
Get Your Voluntary And Supplemental Insurance Policies With The MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. With The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet the needs of all your employees. With over 17 years of experience, The MWE Partnerships is your one-stop shop for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! Also, be sure to like our Facebook page, follow us on Twitter, LinkedIn, and Google+ for all the latest voluntary benefit news!