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Work culture trumps benefits for millennials

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Millennials don’t just work for money. They also like doing things that they believe in.

That’s according to a new report from Virgin Pulse, which surveyed over 1,000 full-time millennial employees to get a sense of what they’re looking for in a job.

That’s not to say that today’s youth are all devoted philanthropists. In fact, only 39 percent believe that charity is very important at work.

But what they do want is a culture and mission they can get behind. The report found that 77 percent of young workers believe that company culture is at least as important as pay and benefits. Three-quarters of them can identify their company’s mission and nearly just as many believe it is important that their employer have one.

The study also showed that when it comes to compensation, young workers are also thinking beyond their next smartphone or spring break getaway. In fact, 88 percent listed retirement as one of the most important benefits. That’s significantly more than the 64 percent who listed tuition reimbursement or the 61 percent who listed wellbeing support.

The survey also suggested that most millennials aren’t stressed that technology is eroding the barrier between work and personal time. Ninety-three percent said that it’s OK to work during off-hours. Two-thirds of them say they have texted with their boss about work. And a slight majority — 55 percent — say that tech helps balance their work-life priorities.

And yet, the survey suggests that millennials expect their responsiveness to emails and texts to be rewarded with some slack from their boss, as 80 percent identified flexible work hours as important.

The report warns employers to watch out for burnout among young workers, no matter how infinite their energy or availability may appear: “24/7 accessibility does a number on their stress levels and your business, so encourage employees to put up some tech parameters.”


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