What benefits are considered non-negotiable by millennial employees?
Every business owner and employer knows that it’s essential to provide employees with a comprehensive benefits package in order to keep them engaged in their work and reduce the likelihood of them leaving for another job. However, a 2016 survey conducted by Jobvite 2016 survey conducted by Jobvite in the US, cited that 18 percent of the total workforce change jobs every one to three years. Out of that figure, 42 percent are millennials.
This means millennials are likely always open to the prospect of a new job, especially if it pays better or has more attractive benefits. That’s why employers must consider offering them benefits they might not find anywhere else.
There are different types of benefits or perks that employers provide their employees, but some benefits are more important than others. While the needs of employees can vary, there are two benefits that millennials consider non-negotiable and they expect to be included in their benefits package: sick pay and health insurance.
By law, employees are entitled to a range of leave benefits when certain stipulations are met. But there are no provisions that state an employee must be paid in case of absence due to sickness. This means it’s up to employers to offer sick pay to their employees.
More and more millennials want to apply or stay in jobs that provide them sick pay because they can never tell when they might get sick. They want to feel secure in knowing that they can take time off to recover without losing a day of salary. This also benefits the employer as it lessens the risk of spreading contagious illnesses in the workplace and helps boost morale
Millennials are now paying more attention to what employers can offer them in making their career decisions. We at Maria Health, the first online health marketplace in the country, can help employers like yourself stay competitive in attracting and retaining the best talents by providing a convenient way for you to provide employees with their health care needs.
We have partnered with some of the leading health maintenance organizations in the country to bring an accessible and affordable way for you to find tailor-fit health plan package no matter the size of your team. Our website gives you access to real time assistance, non biased advice, an instant proposal system and a simplified sign up process convenient to businesses that is available on any device, anytime, anywhere.
So shop for healthcare now. SME plans start at ₱6,533 annually per employee.