Karen Petrucco Photo
Prudential Logo

1021223-00006-00

Advisor Name, designations

Financial Professional

 

Prudential Advisors

236 Broadway

Menands, NY 12204

 

Phone:  800-243-5334

Fax:      800-720-0780

 

 

Email: sales@ltmclientmarketing.com

Website: letstalkfinancialwellness.com

September/October 2024

Millennials in the Workplace

Young happy laughing creative team four multicultural coworkers or college students group celebrate success together giving highfive in office classroom. Top view. Great teamwork result high five

Born in years 1981 through 1996, Millennials are currently the largest group in the workforce now that Baby Boomers, with their years of experience, are retired or retiring. Employers looking to attract and retain Millennials should pay close attention to the work culture and benefits they value most.


Work Environment
Despite having a reputation for job hopping, Millennials are looking for job security and stability in a company that’s poised for growth. They value having clear goals, feedback on job performance and a say in setting performance expectations. Flexible scheduling and work-from-home options are important factors in the decision to take a job or look for a new one.


Benefits
Health insurance, a retirement plan and paid time off, as well as a salary that reflects their education and skills, are what Millennials value most. The ability to customize benefits, based on a menu of offerings, may attract Millennial workers to your business. Perks, such as help with student loan repayment, can give your business an edge with Millennials who are still paying off their own student loans at the same time they’re saving for their children’s education.


Training Opportunities
Opportunities for improving skills are another reason for Millennials to consider your company. Apprenticeships, work-study programs and internships that integrate education and work can be powerful incentives. Consider offering tuition assistance for college or continuing education and companysponsored programs that allow employees to earn a degree while working. Training classes in software, robotics and AI can help employees improve the skills they need for success on the job.


Retirement Planning
A 401(k) or similar tax-qualified retirement plan should be an essential piece of your benefits package. Providing retirement planning and investor education can help Millennials make informed choices about their investments. Consider offering investment alternatives, such as target-date funds, that automatically adjust percentages of stocks, bonds and cash based on an employee’s anticipated retirement date. Positioning your business to attract Millennials can give you a leg up in hiring talented workers to move your company forward.


Your financial and tax professionals can help you create an attractive benefits package.

1081090-00001-00


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Life insurance is issued by The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Securities products and services are offered through Pruco Securities, LLC (Pruco) (member SIPC). Prudential and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Prudential, the Prudential logo, and the Rock Symbol are service marks of Prudential Financial Inc., and its related entities, registered in many jurisdictions worldwide. Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Prudential Advisors and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Specialists LLC, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.