North America Millennial Pay-for-Perks Survey

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30% of the current workforce is made up of millennials – and that number will continue to grow! Millennials offer companies diverse ideas, skill sets, and values that have been shaped by a rapidly changing world. In return, millennials want flexibility and perks that fit their lifestyle along with a competitive salary from their employers. Understanding what drives this increasing important segment as you plan for the workforce of the future is critical to success.

The North America Millennial Pay-for-Perks Survey presents how companies are offering, or are considering offering, specific benefits and perks that have been identified as effective attraction and retention incentives for Millennials and Post-Millennial employees (individuals between 18-34 years old).

Are you curious to see how many of your competitors provide free breakfast or lunch for their employees? What about a company car, group retreats, or business kegerator? These are some of the many benefits and perks gathered in this survey that organizations in the US and Canada are implementing to attract Millennials in the workplace.

This survey will help you benchmark your benefits solutions so that you can support your total rewards strategy, while considering the business goals of employee attraction, retention, and productivity. This survey is open to organizations with operations in the US and Canada with results for each country reported separately.

  • Product Details
  • Pricing / Buy Now
  • Survey Schedule
  • How to Participate - 2017

Product Details

Survey Statistics

  • # Organizations: 171

Based on data from the 2018 US Millennial Perks Survey.

Data Collected

 

  • Key elements organizations could do that they currently are not doing to ensure millennials remain with the company
  • Perks offered by organizations
  • Perks that best retain millennials
  • Perk families that are most important to millennials
  • Perks that millennials find most valuable

 

List of Perks

Comfort

  • Break area activities (i.e. TV, games, etc.)
  • Chair massages
  • Comfort/privacy rooms
  • 'Employee of the Month' parking space
  • Free breakfast and/or lunch every day
  • Free snacks
  • Housing financial assistance
  • Paid fitness/gym memberships
  • Sporting event tickets
  • Standing workstation
  • Use of Company car
  • Social
  • Book/Literature clubs
  • Employee sports teams
  • Group retreats
  • Organized community service efforts
  • Paid leave for volunteering
  • Participation in Corporate Challenges (races, basketball games, 'escape' challenges, etc.)
  • Philanthropic giving programs, including employer contribution match
  • Regularly sponsored networking opportunities
  • Sponsorship of hobby and activity groups
  • Personal
  • Birthday card/gift
  • Childcare assistance
  • Clearly defined working hours
  • Continuing education or training stipend
  • Flex hours
  • Flexible holidays
  • Healthy lifestyle rewards (i.e. $500 a year for maintaining healthy lifestyle)
  • Maternity/Paternity/Parental Leave
  • Relaxed dress code
  • Student loan repayment
  • Summer hours
  • Telecommuting/Work from home
  • Tolerance of facial hair
  • Tolerance of fashion hair colors, tattoos, and/or piercings
  • Tuition reimbursement
  • Unlimited vacation
  • Amenity
  • Bring your pet to work
  • Full financial counseling/Tax return preparation
  • Local businesses discounts
  • On-site dry cleaning
  • On-site fitness facilities
  • Paid/Subsidized Parking
  • Personal cellphone stipend
  • Personal postage/shipping
  • Pet insurance
  • Subsidized public transportation
  • Technology discounts
  • Travel discounts
  • Use of company equipment for personal achievement
  • Wearable Wellness (Fitbits)
  • Worksite fitness classes (In-Office Yoga and Zumba)
  • Culture
  • Career development program
  • Challenging and rewarding work
  • Compensation/Competitive Pay
  • Consistent and transparent feedback
  • Emphasis on 'start-up' mentality
  • External training/Professional development
  • Free lunch on your birthday
  • Freedom to be creative, take initiative
  • Leadership mentoring
  • Opportunity for one-on-one time with company executives
  • Personal time for projects outside of the organization
  • Recognition programs
  • Regular feedback surveys
  • Respectful sharing of ideas and opinions
  • Transparency and open dialogue regarding company initiatives
  • Transparency in the decision-making processes

Formerly the North America Millennial Pay-for-Perks Survey, it has been split into separate US and Canada surveys for 2018 to better reflect the regional trends, insights, and participating organizations included. For the Canada Millennial survey data, please click here.

Survey results are delivered in a published PDF format to your imercer.com account under My Downloads.

Data Analyzed

Industry

  • Banking/Financial Services
  • Chemicals
  • Consumer Goods
  • Energy
  • High Tech
  • Insurance/Reinsurance
  • Life Sciences
  • Logistics
  • Mining & Metals
  • Other Manufacturing
  • Other Non-Manufacturing
  • Retail & Wholesale
  • Services (Non-Financial)
  • Transportation Equipment
  • Pricing

    Product Participant Non-Participant
    2018 US Millennial Perks Survey USD 255 USD 765

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    North America Millennial Pay-for-Perks Survey

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    Survey Schedule

    Please note that the US Millennial Perks Survey will no longer be conducted.

    • Data Effective Date: March 1, 2018

    How to Participate - 2017

    2017 Survey participation is now closed. View the Survey Schedule tab for your next opportunity to participate.

    Survey participation is open to all organizations with matching jobs and is not required to purchase results. As a survey participant however, you do receive key benefits:

  • A discount on survey results!
  • An exclusive invitation to survey events - attend results webcasts and meetings were Mercer consultants will review the results and identify market trends and factors. You'll also be able to ask questions directly related to your organization.
  • Ensure your data is included in the market results - easily determine your market position with customized reports that compare your company data to your peers.
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    • Sub TitleOptimize your rewards strategy for the leaders of tomorrow
    • Short DescriptionOptimize your rewards strategy for the leaders of tomorrow.

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