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The Future of Work and Financial Wellness for Millennial Employees

Key Takeaways

Millennials are set to change the future workplace as the largest generation in the U.S. labor pool.
Employers with a more appealing work environment may better attract and retain Millennials.
The future will most likely call for a new way to approach workplace benefits for this generation.

Millennials are now the largest generation in the U.S. labor force, and they are both reimagining work and experiencing anxiety about the future. Since attracting and retaining top talent is critical for employers, it’s imperative that they create an appealing work environment to attract and retain this increasingly important pool of talent.

To that end, Prudential commissioned Kantar Futures to conduct research aimed at getting a deeper understanding of Millennials’ views about work and career, health and wellness, personal finance, and technology over the next 40 years.

Among the findings:

72% are nervous that employers will stop providing healthcare and retirement benefits.
84% are nervous about the continually rising cost of education.
75% feel people will struggle with new digital tools and technologies in the workplace.

To help attract and retain Millennial employees, employers should consider:

Structuring benefits offerings to help employees customize coverage to suit their needs.
Expanding workplace offerings to include education planning, payroll deduction savings vehicles, or a student loan repayment benefit.
Providing technical training, tuition assistance, or learning opportunities to hone new skills.

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To view the full report, The Future of Work and Financial Wellness for Millennial Employees .

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Executive Summary

Download The Future of Work for Millennial Employees executive summary

The Prudential Insurance Company of America, Newark, NJ

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Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies.

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Insurance and/or annuities are issued by The Prudential Insurance Company of America, Pruco Life Insurance Company (except in NY and/or NJ), Pruco Life Insurance Company of New Jersey (in NY and/or NJ), and Prudential Annuities Life Assurance Corporation (PALAC). Each is a Prudential Financial company located in Newark, NJ (main office), except for PALAC which is located in Shelton, CT (main office), and each is solely responsible for its own financial condition and contractual obligations.

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Pruco Life Insurance Company, an Arizona company - California COA # 3637. The Prudential Insurance Company of America - California COA # 1179. Prudential Retirement Insurance and Annuity Company - California COA # 08003. The Prudential Life Insurance Company of America Newark, NJ.

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The Future of Work and Financial Wellness for Millennial Employees

Key Takeaways

Read the full report

Executive Summary

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