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.

Survey Details At a Glance

  • Overview
  • Product Details
  • 2018 Participation
  • Pricing
  • Buy Now
  • Survey Schedule

Overview

What's new in 2018

This year the North America Millennial Pay-for-Perks Survey will be renamed to the North America Millennial Perks Survey.

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

Salary Survey Methodology

Mercer’s salary surveys are designed using the most accurate and up-to-date HR metrics and market data practices. Data is collected from HR professionals at participating organizations. It is then analyzed for validity, thoroughness, and market representation based on the organization´s size, structure, geographic region, or any combination of these factors. A minimum number of incumbents, organizations, and distinct organizations are required in order to report each Mercer data element. If minimums are not met, the market data is suppressed, ensuring that you always receive the highest level of data confidentiality.

Product Details

Survey Statistics

US Survey Stats

  • # Organizations: 479

Canada Survey Stats

  • # Organizations: 219

Based on data from the 2017 North America Millennial Pay-for-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
  • Perks that millennials would be willing to trade-in for a smaller survey
  • List of Perks

    Comfort

  • Chair massages
  • Community Kegerator
  • Free snacks
  • comfort/ privacy rooms
  • Free breakfast and/or lunch every day
  • Paid weekend vacation
  • Sporting event tickets
  • "Employee of the Month" parking space
  • Use of Company car
  • Paid fitness/ gym memberships
  • Office personalization stipend
  • Continuing education or training stipend
  • Tuition reimbursement
  • Housing financial assistance
  • Break area activities (i.e. TV, games, etc.)
  • Standing workstation
  • Social

    • Employee sports teams
    • Book/ Literature clubs
    • Sponsoship of hobby and activity groups
    • Philanthropic giving programs, including employer contribution match
    • Organized community service efforts
    • Paid leave for volunteering
    • Regularly sponsored networking opportunities
    • Group retreats
    • Kiosk for CDs, DVDs and books for communal sharing
    • Participation in Corporate Challenges (races, basketball games, "escape" challenges, etc.)

    Personal

    • Flex hours
    • Telecommuting
    • Clearly defined working hours
    • At work child care
    • Relaxed dress code
    • Healthy lifestyle rewards (i.e. $500 a year for maintaining healthy lifestyle)
    • Summer hours
    • Flexible holidays
    • Paid birthday leave
    • Tolerance of fashion hair colors, tattoos, and/or piercings
    • Tolerance of facial hair
    • Maternity/Paternity/Parental Leave

    Amenity

    • Personal postage / shipping
    • Technology discounts
    • Travel discounts
    • Local businesses discounts
    • On-site dry cleaning
    • On-site fitness facilities
    • Use of company equipment for personal achievement
    • Personal cellphone stipend
    • Bike sharing memberships (big cities)
    • Wearable Wellness (Fitbits)
    • Worksite fitness classes (In-Office Yoga and Zumba)
    • Pet Cloud Technology (monitor via web)
    • Pet GPS tracking - real-time movement

    Culture

    • Freedom to be creative, take initiative
    • Opportunity for one-on-one time with company executives
    • Lunch with a company executive on your birthday
    • Regular feedback surveys
    • Transparency and open dialougue regarding company inititatives
    • Respectful sharing of ideas and opinions
    • Leadership Mentoring
    • Consistent and transperant feedback
    • Emphasis on "start-up" mentality
    • Transperancy in the decision-making processes
    • Personal time for projects outside of the organization
    • Challenging and rewarding work

    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
  • 2018 Participation

    Data Submission Tools

    Participate Online

    To become a survey participant, access the online questionnaire above, complete the step-by-step questions, and then submit. It's that simple! We understand the level of sensitivity in the data provided and will hold your data in the strictest confidence.

    2018 Participation is now open!

    Survey participation is open to all organizations with matching jobs and is not required to purchase results. To participate in the 2018 survey, please submit your completed questionnaire before the deadline. As a survey participant, you do receive key benefits:

    • A discount on survey results!
    • Ensure your data is included in the market results.

    2018 Survey Schedule

    Participation opens: June 13
    Participation closes: July 13
    Results available: September

    2018 Pricing

    *Participant:
    2018 North America Millennial Perks Survey – US Report — USD 255

    Non-participant:
    2018 North America Millennial Perks Survey – US Report — USD 765

    *Also participate in the 2018 New Graduate Pay and Student Hiring Rates Survey? Get the 2018 Millennial Perks Survey and the 2018 New Graduate Pay and Student Hiring Rates Survey for a combined price of USD 775. 

    Pricing

    Product Participant Non-Participant
    2017 North America Millennial Pay-for-Perks Survey – US Report USD 300 USD 900
    2017 North America Millennial Pay-for-Perks Survey – Canada Report USD 260 USD 780

    Additional buying options are available. Call us to learn how you can lock in rates for two or more years and qualify for additional discounts.

    Please note:

    • Individuals or companies using Mercer data for consulting services or commercial purposes are subject to different rates. Please call for more information.
    • 2018 results will be available for purchase in September with results delivered upon survey release.

    Buy Now

    North America Millennial Pay-for-Perks Survey


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    Survey Schedule

    • Participation Opens: June 13
    • Participation Deadline: July 13
    • Report Available: September
    • IsOrderingSetYes
    • Ordering TypeMultiLevelMultiSelection
    • RegionUS
    • Short DescriptionThe North America Millennial Pay-for-Perks Survey examines how companies are offering the unique new perks and benefits millennials want.