New findings from the 2015 EBRI Health and Voluntary Workplace Benefits Survey (WBS) show that millennials don’t know as much about their workplace benefits as older generations.
And while older generations are considerably more likely to say that the employee benefits offered by a prospective employer can make or break the decision to accept a job, millennials were substantially less likely to say so.
Forty-one percent of boomers and 39 percent of GenXers said benefits were extremely important, just 31 percent of millennials said so.
But millennials are also far less likely even to know what benefits their employers offer them, compared with older generations.
Interesting finds? Here at KTP, we believe engaging millennials in benefit decision making is important. Decision support tools and benefit education will help employees, especially the younger generation, learn about and understand their different benefit offerings.
For the full article about this study from BenefitsPro, please click here.