ABC Company, Inc., has recently recognized the growing need to hire millennials due to the gradual loss of Baby Boomers to retirement. Within the next 5 years, ABC needs to find a way to attract qualified millennials by offering benefits that suit their specific needs, which differ from those of older generations.
Millennials, unlike their older co-workers, are risk-averse for their age. They prefer to receive benefits in the form of a plan that is arranged by professional financial planners, who can determine what risks are the most important to be prepared for. For example, even if they are young and healthy enough not to get sick, they will still opt into health insurance plans as safeguards against major accidents. So, the first adjustment …show more content…
Given that millennials, at this point in time, do not have college-age children yet, there is ample time to raise money through careful allocation of profits, and possibly through partnerships with specific colleges. The program will reimburse 50% of the college tuition of eligible students, which is more substantial to concerned millennials than a $5000 scholarship.
The employees’ children will be selected based on their grades, achievements, and interest level as indicated by essays they submit to the company. The number of children eligible for the tuition reimbursement will be limited to 10, and will only apply to majors relevant to the …show more content…
63% of people said that dogs lower their stress level at work; 74% said they felt more productive; and, 74% employees felt happier at their job. Fortune 500 companies use this benefit, such as Google, Activision Blizzard, GoDaddy, Build-A-Bear Workshop, Amazon and much more. Bringing in a canine pal will increase productivity and morale, thus retaining employees over the long-run because of this enjoyable benefit.
However, the company will need to survey its employees for allergies and any fear to dogs. Also, all dogs must be well-trained without any signs of aggression. Safety parameters will need to be set to avoid pets from being injured in the work environment, therefore, a small pet lobby may need to be built to house the furry companions. Despite the positive benefits there will be a one-strike policy, which will ensure a safe and auspicious atmosphere. Lastly, owners will need to submit up-to-date vaccination records, thus a register directory will need to be form for every pet introduced to the company.
Benefit 5: Pet
Millennials, unlike their older co-workers, are risk-averse for their age. They prefer to receive benefits in the form of a plan that is arranged by professional financial planners, who can determine what risks are the most important to be prepared for. For example, even if they are young and healthy enough not to get sick, they will still opt into health insurance plans as safeguards against major accidents. So, the first adjustment …show more content…
Given that millennials, at this point in time, do not have college-age children yet, there is ample time to raise money through careful allocation of profits, and possibly through partnerships with specific colleges. The program will reimburse 50% of the college tuition of eligible students, which is more substantial to concerned millennials than a $5000 scholarship.
The employees’ children will be selected based on their grades, achievements, and interest level as indicated by essays they submit to the company. The number of children eligible for the tuition reimbursement will be limited to 10, and will only apply to majors relevant to the …show more content…
63% of people said that dogs lower their stress level at work; 74% said they felt more productive; and, 74% employees felt happier at their job. Fortune 500 companies use this benefit, such as Google, Activision Blizzard, GoDaddy, Build-A-Bear Workshop, Amazon and much more. Bringing in a canine pal will increase productivity and morale, thus retaining employees over the long-run because of this enjoyable benefit.
However, the company will need to survey its employees for allergies and any fear to dogs. Also, all dogs must be well-trained without any signs of aggression. Safety parameters will need to be set to avoid pets from being injured in the work environment, therefore, a small pet lobby may need to be built to house the furry companions. Despite the positive benefits there will be a one-strike policy, which will ensure a safe and auspicious atmosphere. Lastly, owners will need to submit up-to-date vaccination records, thus a register directory will need to be form for every pet introduced to the company.
Benefit 5: Pet