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What Belongs In Gen Y Benefit Packages?

ningcontent Avatarningcontent
January 27, 2011


Employers interested in top talent are introducing competitive benefit packages. As a new wave of talent enters the market, more employers are switching methods of recruitment by including telecommute, educational, and professional development opportunities. The biggest concerns of recent grads lie within the health sectors – health care’s expenses have risen beyond payable conditions in today’s society. Now, students want more health benefits to accompany their professional accommodations. As an employer, what steps are you taking to attract talent with your benefit packages?
Yesterday’s Benefit Packages
The 401K, stock options, and health benefits were strong attractions ten years ago. Today, students want more benefits to keep them at an organization. With the needs of higher education for promotions, Gen Y expects employers to pay for their educational development while employed at their organizations. These new additions resulted in partnerships with educational institutions and professional organizations. Now, the common Gen Y has an option to acquire vital skills necessary for long-term employment at their organizations.
Making It Work For Gen Y
Employers with the most to offer will land the perfect candidate to fill their positions. If employers position themselves as leaders in job satisfaction, they will acquire the most talented candidates in the market. Employer’s retention rates of Gen Y continue to fluctuate, but the smarter employers stay abreast of new recruiting trends in their industries. Make it work for Gen Y; as a recruiter, prove that your organization deserves the attention of top talent. Take the initiative to recruit students willing to work with the entry level salary, benefits, and advancement opportunities offered by your company.
Recruiters attracting Gen Y proves it is not easy to keep their attention with benefit packages. The needs of new grads will continue to change until the economy stabilizes. With the right combination of recruiting efforts and benefit packages, top employers will retain top talent.

Originally posted by amy m

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