Millennials are attracted tocompanies that embrace social responsibility, and time off forvolunteering is a benefit that can help recruit engaged, ambitiousand committed employees.
The impact of the millennial population is being felt in theworkplace, reshaping many operational areas, including employeebenefits. This year, the millennial generation is expected tobecome the largest living adult generation, overtaking baby boomers. This generational shift isreflected in the demographics of the U.S. workplace, where morethan one in three employees (35 percent) aremillennials, making them the largest generation in the U.S. laborforce, according to a Pew Research Center analysis of U.S. CensusBureau data.
As a result of this shift, companies are finding they need toadapt their employee benefits to attract top millennialtalent and to meet the needs of this growing workplacedemographic.
Paid time off
One of the ways businesses can reach this demographic is bylooking at offering paid time off (PTO) benefits that stand outfrom other companies. This could be in the form of half-day Fridaysthat allow employees to leave every other Friday, providing extratime off and promoting the work-life balance millennials value.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
