"Millennials, the growing majority in today's workforce, want benefits that pertain to them. Are you offering them?" - a question from Jeff Oldham, who wrote for Benefits Pro about what Millennials want in the workplace.
Read the full article at: www.benefitspro.com
Turns out, a majority of Millennials (born 1980-1998) are choosing high deductible health plans (HDHPs) over the traditional PPO chosen by most baby boomers. This shift from traditional to progressive requires employers to start changing how they interact with employees.
Millennials expect personalized recommendations, similar to how Netflix suggests new shows based upon viewing habits. Employers can react to this need by providing educational resources to help them fit their health plan to their needs. Other actions employers can take to adjust to Millennials' needs include embracing mobile communication and offering voluntary benefits, like pet insurance.
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The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purpose