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Benefits
Glassdoor is a firm that provides reviews on the best and worst firms to work for based on employee reviews. According to the firm, four in five employees prefer ne benefits over a pay raise. There are several reasons for this. The first is that the composition of the workplace is fast changing. Many new employees are millennials who have brought with them a new way of thinking. Student debt is one of the most debated issues in recent years, and millennials are the most burdened with debts incurred in the course of their college education. When these millennials get into the workplace, the first thing they would like to do is make enough money to pay off their debts. Some firms have benefits that would help the students pay off their student Leona, and they use such a benefit as a way to recruit employees.
The second reason why four in five employees prefer benefits to par raises is that the millennial workforce has different ideas about work-life balance. In the past generations, people believed in hard work even if it meant taking little or no time in a year. The main goal was to make as much money as possible. This has changed with the entry of millennials into the workforce. Millennials believe firmly in finding a balance between work and life. They would like to spend time traveling the world, developing hobbies, or sending time with their family. Work is not everything to them. They would, therefore, prefer that employers give them new benefits that enhance their work-life balance. Companies such as Airbnb give their employees offers that encourage them to take time off work. For the employees to be as productive as possible, they have to be motivated. Finding a balance between work and life gives millennials a sense of purpose and growth that enables them performs to the best of their ability at work.
