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ABSTRACT (ENGLISH) Millennials now represent the largest workforce population, with more than 56 million millennials in the workforce. Millennials are known for being tech-savvy, enthusiastic, and quick to offer innovative new ideas, which makes them an appealing demographic for growing organizations. FULL TEXT Millennials now represent the largest workforce population, with more than 56 million millennials in the workforce. Millennials are known for being tech-savvy, enthusiastic, and quick to offer innovative new ideas, which makes them an appealing demographic for growing organizations. Do you know how to effectively attract and engage this highly coveted group through your employee benefits offerings? We've got the scoop on the top employee benefits that millennials actually want. Health Insurance Unsurprisingly, health insurance still tops the list as the most desired employee benefit. However, millennials want more than just a mediocre health plan. Instead, they want choices and decision support to help them make the most informed decision. Working with a benefits provider that makes it easy to compare plans and access on demand education is crucial to engaging and retaining your top-millennial talent. Student Loan Repayment Assistance Student loan repayment is a hot employee benefit offering that is growing in popularity. Companies like Tuition.io offer a full suite of assistance, ranging from financial wellness and educational support to full repayment assistance programs. It's no secret that recent graduates are struggling with student loan debt. In fact, the United States owes almost $1.5 trillion in student debt alone, with monthly payments averaging over $350 per month Supporting your workforce in gaining control of their financial future is one of the most effective ways to increase long-term loyalty and retention Flexible Work Schedules Does your industry make it easy for employees to work remote or to embrace flexible schedules? Allowing employees the flexibility to determine their own hours or work schedule will go a long way to increase employee engagement and retention, particularly with carefree millennials. Retirement Funding In addition to paying off debt, millennials are very conscious of the long-term picture and retirement savings is high on their radar. Previous generations don't have a great track record when it comes to saving for retirement. Do you offer a 401(k) or other retirement savings plan? Do you offer a contribution match? Do you offer retirement savings education that is easy to access and understand? These are all consideration that should be made when building out or revamping your employee benefits plans. Learning and Career Development Workplace happiness and a feeling and sense of purpose are more important for millennials than other generations. Millennials job shop and hop, with the number of companies that people have worked for in the five years after graduation doubling over the last 20 years. Millennials want more from their career and have no qualms about moving around in order to find the right fit. Offering employee sponsored learning and career development support will help your employees find long-term success within your organization. Paid Time Off How generous is your employee paid time off policy? Most organizations offer 10 paid holidays and at least 10 other paid days that can be taken at an employee's discretion. How can you stand out? Consider incorporating more PTO time for your employee base. Options include more total days, "Summer Fridays" or other special early- release days, and even an unlimited paid time off policy. Health and Wellness Support We're not saying to ditch the break room donuts altogether, but offering a well-balanced benefits package with support for health and wellness will go a long way to impress this health-conscious generation. The options are only limited to your creativity (and budget, of course), so don't be afraid to think outside of the benefits box for innovative new ways to support a healthy lifestyle. Popular perks include a gym discount or stipend, sponsoring company participation for a 5k, stocking free healthy snacks, or even offering standing desks. And don't forget about mental health benefits! MeishaBochicchio is the Content Marketing Manager for PlanSource. DETAILS Subject: Student loans; Millennials; Employee benefits; Retirement planning Workforce; Health insurance Business indexing term: Subject: Employee benefits Retirement planning Workforce Health insurance Location: United States-US Publication title: Employee Benefits and Wellness Excellence Essentials; Aurora Publication year. 2018