How employers can offer all-inclusive support to millennial employees this open enrollment season

Millennials are 50% more likely to get a pet than have a child in the next 12 months. (Photo: Shutterstock)

The past year and a half has been trying for all of us; however, for millennial employees in particular, many were forced to put major life plans on hold. According to MetLife’s latest open enrollment survey, however, millennials are now looking to revisit those plans, with more than four in five (81%) expecting to make a major life change in the next year.

As millennial workers take steps towards new life stages—whether that’s buying a home (24%) or bringing home a pet (22%)—they are going to require benefits that match their evolving lifestyles. This is why millennials are looking at their benefits through a new lens this year, with nearly two-thirds saying this year’s open enrollment is more important than last year’s (a 6-percentage point increase from 2020), and two in three saying they plan to elect new benefits this year, compared to about one in three baby boomers.