North America Millennial Pay-for-Perks Survey | Mercer

North America Millennial Pay-for-Perks Survey

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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 new 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.

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

Overview

This survey collects data for 63 benefits options, gathered from five perks families, including:

  • Comfort
  • Social
  • Personal
  • Amenity
  • Culture

Product Details

Survey Statistics

US Survey Stats

  • # Organizations: 479

Canada Survey Stats

  • # Organizations: 219

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
  • 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.
    • 2017 results will be available for purchase soon.

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    North America Millennial Pay-for-Perks Survey

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    Survey Schedule

    • Participation: May – October
    • Data Effective: 2017
    • Report Available: January 18, 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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