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November 2019: Using Voluntary Benefits to Entice Millennial Talent

Business Insurance

 

Using Voluntary Benefits to Entice Millennial Talent

Millennials consistently cite elements like work-life balance and benefits packages as huge factors when considering employers. Salary, it seems, comes secondary in many cases.

You can capitalize on this market shift by offering more imaginative and comprehensive perks to reel in millennial talent. A good place to start is with voluntary benefits. Here are some voluntary benefits to consider:

  • Pet insurance
  • Student loan repayment
  • Identity theft insurance
  • Elder care
  • On-site daycare

Offering even a few voluntary perks can signal to millennials that you’re taking their wants seriously and get them through the door.

 

Additional articles from the November 2019 edition of the Univest Employee Benefits Newsletter:

    1. Five Steps to Successful Employee Communication
    2. The Pros and Cons of Incentive Pay
    3. DOL Issues New Salary Limits for Overtime Exemptions
 

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