According to a recent Employee Benefit Adviser article by Mike Nesper, employers need to change if they want to attract new, young millennial employees.
Promoting financial wellness is one important way to engage millennials in new ways. According to a recent Bankrate.com survey, three-fourths of employees don’t have enough savings to cover six months of expenses. Following suit, the benefits industry has responded with new voluntary products — including low-interest loans, student loan contribution and supplemental unemployment insurance — to help with a variety of cash flow issues.
To learn more, visit New voluntary products address cash-flow issues | Benefit News.