9. Redefining Health and Well-being for Millennials
In 2015, millennials will become the largest group in the U.S. workforce, increasing their representation to 75% by 2030, according to the report.
This demographic values work/life balance as well as overall well-being higher than dollars and cents. As a result employers have to refresh their strategies of offering employee benefits and incentives for workplace wellness to address how they can improve wellbeing and deliver an employee experience that millennials will value.
Millennials link an employee's overall happiness more closely to their engagement at work and their productivity, which in turn has real implications for the success of the employer.
Interestingly, while money motivates millennials less than other generations, they rate health benefits offered by an employer as highly as much older generations.