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10 Awesome Job Perks That Attract Millennials

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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 January 13, 2022

15 Best Places for Expats to Live (And Why)

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15 Best Places for Expats to Live (And Why)

Many of us dream of living abroad but can often be scared to make such a big change to our routine lifestyles and leave our home countries behind. Daunting as it may be, living abroad can be a rewarding and fulfilling endeavor and can give you the quality of life you have been looking for.

From a warmer climate to a more easy going way of life, there are many foreign countries favored by expats who stay for a long time – and sometimes forever. Taking into consideration livings standards, opportunities and social aspects, here are our top 15 best places to live as an expat and why.

1. Thailand

A hot spot for expats, the ‘land of smiles’ as it’s commonly known offers expats a tropical climate, a huge array of sandy beaches and islands to explore, and a rich culture. The cost of living in Thailand is extremely low, and when combined with the friendly tax system means that disposable income can be very high.

Bangkok, Thailand’s capital city, offers expats great employment opportunities.

2. Switzerland

Another popular destination for expats, Switzerland offers exciting employment packages and a high standard of living. It’s great for those who love the outdoors, as there are many beautiful lakes, mountains to hike in and skiing in the winter. The school standards for expats are also excellent, making it appealing for those with children. English is also widely spoken so day-to-day living can be stress free.

Unemployment in Switzerland is low and expats moving here don’t need to worry too much about finding a job before they arrive.

3. Australia

Many foreigners who visit Australia don’t want to leave as it offers a great quality of life, beautiful beaches and a warm climate. Making friends in Australia is easy too, due to the lack of language barrier and the large number of expats who already live here. Australia is a great place to move to if you have children because of its wide range of schooling possibilities and recreational outdoor activities.

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Low population levels and high quality of life are two of the main reasons expats choose Australia as a place to live.

4. Singapore

Expats in Singapore can benefit from generous financial packages, great career opportunities and low tax rates. Although education is expensive here, it is rated one of the top places for raising children abroad due to the quality of the education system and the array of schools.

Public transport such as buses and MRT (Mass Rapid Transit) are cheap and very reliable in Singapore.

5. South Korea

South Korea offers expats a unique range of opportunities and a very different way of living. Jobs for expats are easy to find and usually very well paid, with apartments provided by the employer on the most part making living costs even lower. There are also many tight-knit expat communities in South Korea, making it easy to socialize and meet new friends. The excellent education system is also a pro for families wanting to move to this culture-rich country.

South Korea has a cheap public healthcare system and offers great medical care, with most doctors speaking English.

6. New Zealand

New Zealand is constantly on the lookout for skilled workers to expedite to the country – especially those under the age of 30 – and skilled migrants can be granted a stay for up to five years. It offers a good climate and although income levels can be lower than other countries, quality of life is high, with its awe-inspiring scenery, low crime rate and state sponsored healthcare.

New Zealand is great for those looking for a laid back and active outdoors lifestyle.

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7. Canada

Its national healthcare system, friendly locals and very high quality of life are just a few of the reason expats choose Canada as a place to live. It’s very welcoming to expats and skills shortages encourage foreigners to move here in order for the country to grow economically. It’s easy for expats to feel comfortable quickly in Canada due to its multicultural environment.

Canada was largely unaffected by the economic crisis, making it a very popular country for expats.

8. Qatar

Qatar is becoming increasingly popular among expats with an estimated 500 new arrivals every day. The salaries are generous and are tax free too, making disposable income very high. Car and housing allowances are part of many remuneration packages, and education for your children and airfares are often included.

The cost of living is lower in Qatar than in other UAE countries but salaries can still be just as generous.

9. Hong Kong

Where east truly meets the west, this bustling island has a population of over seven million people. If you’re looking for a fast-paced environment and an active nightlife, Hong Kong is definitely the place to be. Benefits for expats include its advanced healthcare system and elevated standards of schooling for children, along with great employment opportunities. The cost of living in Hong Kong can be high, so trying to negotiate a housing allowance with your employer can be beneficial.

Hong Kong is great for those looking for high incomes and career advancement.

10. Japan

As an expat destination, Japan offers a rich culture and a chance to experience a very different day-to-day life. Currently around two million expats live in Japan, and in the larger cities such as Tokyo a large portion of the population speaks English. English speakers are also in demand and there are a large number of opportunities for language teachers, especially in the capital.

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Japan offers a high standard of living for expats and a good education system for those with children.

11. Spain

Spain is a very popular destination for expats due to the high temperatures and year-round sunshine. EU residents don’t require a visa to work here, meaning the move can be a lot easier. Skilled foreign workers also continue to be in demand with jobs such as engineering, customer service, skilled trades and language teachers widely available.

A huge 14% of Spain’s population are expats from a variety of foreign countries.

12. Dubai

Two of the main attractions of moving to Dubai are the tax-free salaries and the warm climate. Some of the most popular jobs for expats are in construction, banking, oil and tourism. You can also enjoy a busy social life in Dubai as the expat community is thriving. Although it can be an expensive country, the tax-free salary means you experience a higher quality of life than in other countries.

You will need a work permit, residence visa and an Emirates ID card to live in Dubai as an expat.

13. Germany

Germany is one of Europe’s most populous countries, with around 82.4 million people. It’s a lively and inexpensive country to live in as an expat, and if you have children the education system is great and healthcare is to a high standard. An estimated 250,000 expats live in Germany currently, with the numbers rising every year.

If you are already an EU citizen, you don’t need a visa to live and work in Germany.

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14. The Netherlands

The Netherlands is a great place for expats who love the outdoors. Cycling is one of the main modes of transport and looking after the environment is widely recognized. There are a lot of English speakers in the Netherlands too, but learning the language can work to your advantage and make day-to-day life that little bit easier. Skilled expats can also benefit from a tax-free allowance equivalent to 30% if they meet the correct criteria.

It is often more important to be able to speak fluent English than to speak Dutch when looking for employment in the Netherlands.

15. China

China offers expats great employment opportunities with little competition. Those who embrace the culture and decide they want to live in China long term can see a host of employment opportunities as its economy is growing rapidly every year. Economists predict it will overtake the US as the world’s largest economy by 2018. China also offer expats low living costs and high disposable incomes, which is why many look to live here for a higher quality of life.

Shanghai and Beijing are the most popular destinations for expats who live in China.

Featured photo credit: Saulo Mohana via unsplash.com

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