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10 Awesome Job Perks That Attract Millennials

10 Awesome Job Perks That Attract Millennials

Millennials are either avoided or highly sought out by employers. They’ve earned negative stereotypes such as lazy, apathetic, and social- media obsessed, which sometimes prevent employers from hiring them. However, despite this, many companies need the skills of Millennials. Known for their highly creative, innovative ideas, and mastery in technology, Millennials will occupy the largest workforce demographic and shape the corporate world in the years to come.

One thing that makes Millennials stand out among other generations is their work styles. For one, Millennials doesn’t seem to be motivated by the same things that motivated the generations before them. That’s why luring them and making them stay in your company can be more hard work than you’ve previously thought.

Understanding Millennials is the first step in attracting them into your workplace. You have to know what motivates them in their careers. You have to tap into their mindsets to understand their wants and needs. “Millennials view the workplace through the same lens of new technology as any other aspect of their lives: instant, open, and limitless” said Adam Miller, president and CEO of Cornerstone on Demand. So what can companies do to attract and retain top millennial talents? Here are 10 awesome job perks that might give you some ideas.

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1. Travel Perks

Forget about buying fancy homes and cars. According to a study led by Harris Group – 72% of Millennials prefer spending money on travel and social events. Companies who offer travel perks will attract many Millennials during their hiring season. Allowing your employees to travel for vacation will make them love working in your company. They will also feel less stressed after their relaxing out of town tour.

Airbnb is one example of company who has an envious travel perk for its employees. The company offers a travel credit program that encourages employees to travel four times a year. The system works by giving each employees travel credit at the beginning of each quarter which expires if they don’t use it.

2. Flexible Work Hours

Millennials value personal time. According to a recent study on The Cost of Millennial Retention, 45% of Millennials chose flexibility over higher pay. They’re not so much of a fan of 9-5 work hours and like to be out of the office after the end of the shift. They’re also fan of work from home options which allows them to juggle personal and work schedules efficiently.

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3. Free Food

You don’t have to share the world your sad desk lunches anymore.  Many companies from startups and small business to big giants like Google, Pixar and Drop box are offering free catered food for their employees. Other companies also found that free food during meetings and Fridays encouraged more employee productivity and attendance.

4. Trainings and Team Building Courses

Millennials are proud to describe themselves as life-long learners. Companies that offer trainings and team building courses earn a lot of good points for this generation. Team building activities are wonderful ways to relieve stress and keep work relationships strong and positive.

5. Game Rooms

Who doesn’t love game time?! Games are the best stress relievers. It’s a good way to have fun and bring people close together. From video games to classic games like Ping-Pong, foosball and darts, game rooms will surely excite your otherwise boring office environment. It will improve company culture, and even retain your best millennial employees.

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6. Pet Insurance

Pets in the office are the new cool. And one in every three fortune 500 companies now offers Veterinary Pet Insurance (VPI). These companies believe that bringing pets in the workplace can actually increase workplace morale and decrease stress and work fatigue. What a great treat for many millennial animal lovers!

7. Gym Membership, Spa, or Yoga

A healthy employee is a happy employee – and happy employees get the job done. Millennials are one of the most health-conscious generations. If you want to keep them in your company, wellness programs are going to make them stick around.

8. Offsite Charity Events

Grow your company and give back something good to the world. Millennials believe companies should contribute towards a good cause; it should be able to give them jobs which create exciting new experiences and make life more meaningful. It could be as simple as serving lunch at a food bank or cleaning up local beaches. If your company hosts offsite charity events from time to time, you’ll likely attract a lot of Millennials.

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9. Freebies

Free Netflix subscription, magazine, gadgets, or whatever the company is selling are small but effective incentives to earn employee loyalty and attract new hires, especially Millennials. Millennials are the best budget savvy people who will do anything to get something for less – or free!

10. Commute Allowance

Commuting to work can be stressful and gas and metro passes can be expensive.  Show your employees you care by giving them their monthly commute allowance. This will not only be a form of a kind gesture but also help keep your best and brightest Millennial around for longer.

Featured photo credit: Steven Lewis via unsplash.com

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Last Updated on June 13, 2019

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

Knowledge is power, and you’re going to need a lot of it if you’re going to be able to steer your business to success.

Without further ado, let’s take a look at the 15 best entrepreneurs books to get inspirations about success and grow your business.

1. Think and Grow Rich by Napoleon Hill

    This book has been dubbed the Granddaddy of All Motivational Literature, and it was actually the first book that gave a prescription of what it takes to be a winner.

    Napoleon Hill draws from the stories of millionaires like Henry Ford, Andrew Carnegie, and Thomas Edison to illustrate the principles he put forth.

    Get the book here!

    2. The Lean Startup by Eric Reis

      A lot of startups end up failing, but many of these failures are actually avoidable. The Lean Startup provides a different approach that is now being adopted all over the world and changing the way that companies are developed and products are being launched.

      In The Lean Startup, Eric Reis describes what is required for a company to penetrate the fog of uncertainty in order to discover a path to a sustainable and successful business.

      Get the book here!

      3. The E-Myth Revisited by Michael E. Gerber

        In a revised edition of the 150,000-copy bestseller, The E-Myth, Michael Gerber refutes some of the myths that surround starting your own business and shows just how commonplace assumptions can end up getting in the way of being able to run a successful business.

        Gerber succeeds in walking the reader through the steps that occur in the life of a business, from infancy, through the pains of growing as an adolescent, to the perspective of the mature entrepreneur.

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        Get the book here!

        4. Rework by Jason Fried

          Most of the business books that you get today will give you the same advice: draft a business plan, study the competition, look for investors, and all that.

          However, Rework shows you a more effective, easier and faster means of succeeding when running a business. By reading it, you’ll be able to know why some plans are harmful, why you don’t really need to get investors, and why you’re better of shutting out your competition.

          Get the book here!

          5. How to Win Friends and Influence People by Dale Carnegie

            This is one of the most successful motivational books in history, selling well over 15 million copies since it was released in 1936. The book is timeless, and it appeals to businesses, self-help startups, and general readers.

            Carnegie believes that a lot of successes come from an ability to communicate rather than having brilliant insights. In his book, he teaches how to value others and make them feel appreciated and loved.

            Get the book here!

            6. Outliers: The Story of Success by Malcolm Gladwell

              Through this amazing book, Malcolm Gladwell is able to take the reader on an intellectual journey through the world of ‘outliers’. He asks the question of what truly differentiates high-achievers.

              His answer to this question is that we tend to pay too much attention to what successful people are like, and less attention to where they are actually from.

              Get the book here!

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              7. Rich Dad, Poor Dad by Robert T. Kiyosaki

                This is the best personal finance book ever written. It tells the story of Kiyosaki and his two fathers; his real father, and that of his best friend (his rich dad), as well as how the two men helped him shape his opinions on money and investing.

                It refutes the myth that you need to earn high to become rich, and it distinguishes between working for money and having money work for you.

                Get the book here!

                8. The Ascent of Money: The Financial History of the World by Niall Ferguson

                  Niall Ferguson, in this book, follows the money to tell the story behind the evolution of the word’s financial system, from the beginning way back in ancient Mesopotamia to the latest occurrences in what he had dubbed Planet Finance.

                  Fergusson also reveals financial history as the backstory behind our very own history, with an argument that the evolution of debt and credit is as significant as the history of technological innovation and the rise of civilization.

                  Get the book here!

                  9. Liar’s Poker by Michael Lewis

                    Michael Lewis landed a job at Salomon Brothers after getting out of the London School of Economics and Princeton within three years, he had risen to the rank of bond salesman, making millions for the firm and cashing out steadily.

                    Liar’s Poker is the amalgamation of these years — a look behind the scenes at one of the most turbulent times in American business. His book is Lewis’s account of an era where greed and gluttony were the order of the day.

                    Get the book here!

                    10. Drive: The Surprising Truth about What Motivates Us by Michael H. Pink

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                      A lot of people see money as the best motivator. Michael pink says it’s a mistake.

                      In this provocative book, he asserts that the secret to high performance anywhere is the need to direct our lives, to learn and create, and to do better by our world and ourselves.

                      Get the book here!

                      11. Getting Things Done: The Art of Stress-Free Productivity by David Allen

                        Outdated methods don’t work in today’s world. In this book, Allen shares some awesome methods for stress-free performance that he has shared with thousands of people all over the world.

                        His premise? That productivity is proportional to your ability to relax.

                        Get the book here!

                        12. The 7 Habits of Highly Effective People by Stephen R. Covey

                          In this book, Stephen Covey presents a holistic approach for overcoming both professional and personal issues. With insights and anecdotes, Covey presents a way to live with integrity fairness, service and dignity.

                          Get the book here!

                          13. The 4-Hour Workweek: Escape the 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss

                            In this book, Ferriss dishes on the tips he has learned from studying the New Rich, a subculture of people who did away with the deferred life plan and mastered time and mobility to developed luxury lifestyles for themselves.

                            If you’re looking to make your way in this revolutionary new world, this here is your compass.

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                            Get the book here!

                            14. Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh

                              The CEO of Zappos shows how a unique kind of corporate identity can help deliver a huge difference in the way results are being achieved — by creating a company that values and delivers happiness.

                              Get the book here!

                              15. Losing My Virginity: How I Survived, Had Fun, and Made a Fortune Doing Business My Way by Richard Branson

                                From Virgin Atlantic Airways, Virgin Records and V2 to Virgin Cola, Virgin Megastores and a wide array of other companies, Richard Branson is the rockstar billionaire that a lot of us want to be.

                                Branson, however, did business by following a simple philosophy:

                                “Oh, screw it, let’s do it”

                                Losing My Virginity is an unusual, borderline outrageous autobiography of one of the greatest business geniuses in the world. Branson and his friends named their business “Virgin” because that was what they were — virgins at the game.

                                Since then, he’s written his success rules, creating a global business that has no headquarters, no management structure no corporate identity as it were.

                                Get the book here!

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                                Featured photo credit: rawpixel via unsplash.com

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