Certain perks can entice all employees — especially millennials — to stay with one employer. Because of this, employers are tailoring their benefits to attract millennials, but employees of all ages are enjoying the perks — and employers might gain something important as well.
Related: Stagnation drives out employees
Forty percent of millennials say they are "somewhat" committed to their employer, compared to 66 percent of older employees who say they are "highly" committed. Full-time employees (63 percent) and those who have been at a company for longer than seven years (67 percent) fall in the same "highly" committed category, but 49 percent of part-time employees are like the millennials — they only somewhat agree about their loyalty to their organization.
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A new survey from ReportLinker asks 500 online respondents to weigh in on the benefits they receive and want, and how that relates to how long they stay with one employer. Attempting to find out what can boost organizational loyalty, the survey looks to figure out what can turn non-committed employees around.
One factor to consider is having a seat at the table when it comes to company decisions. Eighty-seven percent of those surveyed say being a part of decision-making conversations makes them more committed to their organization. Around the same amount (83 percent) of respondents say taking on new professional challenges make them more likely to stick with one employer.
Employees also put creativity and innovation high on their list of desires from an organization. Seventy-eight percent say this type of culture fosters a strong commitment to the company.
Telecommuting and flexibility with schedules are two perks that make employees more committed to one employer. When ranking benefits they use most often, flexible working hours (41 percent) rank higher than paid family and/or sick leave (33 percent) and professional development opportunities (23 percent). The only benefit enjoyed more? Health care benefits (54 percent).
When ranking what they think are "essential" benefits, survey respondents say telecommuting is the most important, followed by parental leave and free snacks. That said, only 11 percent of employees say their employers offer telecommuting as an option.
Around a third of respondents (38 percent) say their employers allow them to take time off to pursue passions outside of work, but 69 percent of those with that opportunity say they are incredibly loyal to their employer.
The good news for employers is that 73 percent of respondents believe the harder they work, the more successful they'll be.
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