Our world is constantly changing and our future leaders will be from the millennial generation. This demographic was generally born between 1982 and 2004 and, for the most part, does not know what life was like before the Internet. It is expected by 2025, that over 75% of our workforce will be comprised of millennials.
Attracting Millennials to the workplace is usually accomplished by offering up-to-date technology as well as a flexible work environment, as these tend to fulfill their personal and professional needs. Employers have been using a series of voluntary benefits to meet many of these needs, including financial education. However, the challenge with voluntary benefits is that millennials aren’t really excited about them. The irony here is that they are more likely to admit they don’t know about their benefits than other workers, and are open to seeking benefits from entities other than their employers.