Millennials are a force to be reckoned with. Now that they’re the largest workforce demographic – at 53 million strong and growing – their impact on companies and corporate cultures is undeniable.
As their size and influence has grown, the pre-eminent question about Millennials has evolved from “How do we get through to these kids?” to “How do we become a place Millennials want to work?”
To answer that question, we looked at what the 20 companies at the top of Fortune’s 100 Best Companies to Work For 2016 list offer for Millennial benefits. From Google to Quicken to the Container Store, here’s what we found.
A staple at the top of best companies lists, Google is famous for generous work perks and employee benefits. From its menu of organic meals and artisan coffees to the bike repair trucks and travel insurance, the tech giant has plenty of perks that would appeal to Millennials. And that’s not to mention the generous family-care benefits, including paid parental leave, backup care and resource and referral services.
Who says insurance can’t be fun? With ping-pong and popcorn, human foosball and “Selfie Days,” Acuity is cultivating an organization culture where work and play coexist. At the same time, generous merit increases and unlimited tuition reimbursement demonstrate the upward mobility potential that Millennials crave. And it doesn’t hurt that Acuity takes flexible work arrangements to the next level, giving employees an option to work four 10-hour days or five 8-hour days.
- The Boston Consulting Group
Want to see how much BCG cares about its employees? The firm has invested $110 million to address its industry’s burnout epidemic. Further, the firm partnered with an HBS professor on an innovative PTO program—that stands for Predictability, Teaming and Open Communication—combining work-life balance with attempts to rethink process. Couple those innovations with paid sabbaticals, flex work options, tuition reimbursement and apprenticeship programs and you’ve got an environment where Millennials can see themselves growing their careers.
- Wegmans Food Markets
Wegmans takes wellness seriously, with progressive time off policies, cooking classes and yoga sessions on site. There’s a store Wellness Champion at each location, along with job sharing, tuition reimbursements and even adoption assistance benefits.
- Quicken Loans
Quicken checks many of the standard “Millennial Benefits” boxes, with family-care benefits, flex work arrangements, tuition reimbursements and snacks. But one really exciting program that appeals to young professionals is the financial incentives in Quicken’s “Live Detroit” program, which provides $3,500 to renters and $20,000 in forgivable loans for those employees who buy in downtown Detroit. Blending CSR with helping employees find affordable housing is, like, the most Millennial Millennial benefit ever.
- Robert W. Baird
An employee-owned wealth management firm, Baird offers plenty of perks that appeal to a Millennial workforce, including adoption assistance, support for transgender reassignment, tuition reimbursement and talent and development programs. Flex work options and PTO to volunteer round out a generous array of Millennial benefits.
- Kimley-Horn and Associates
Profit sharing, tuition reimbursement and a generous 401k match are just the start of Millennial benefits at Kimley-Horn. Flex work options, summer hours, job sharing and family-care benefits are also available to the firm’s employees.
- SAS Institute
You name it, SAS employees got it. Where do you even start? With the swimming pools, fitness centers, car detailing and nail salons available across the sprawling campus? Or the family-care benefits that include paid maternity, paternity and adoption leave? Basically, SAS employees never have to leave work, but when they do, they have flex work arrangements, PTO for volunteering and 15-plus vacation days. Sounds like a workplace any Millennial would love.
- Camden Property Trust
The property manager and real estate investment trust builds good will among employees by sharing investments, like through a “HaveFunDBonus” that dished out dough employees based on tenure – the average took home $5,000 in 2016. In terms of employee benefits made for Millennials, the company offers apartment vacation rentals for just $20 a night!
- Edward Jones
At Edward Jones, summer regional meetings foster camaraderie over weekends of music, food, games, and swimming. Other millennial benefits include, flex work options, wellness benefits, tuition reimbursement and PTO for volunteering.
Nap pods, a coffee bar and bike storage start the menu of Millennial benefits offered by Genetech. The company also provides flex work options, family-care benefits and on-site perks like haircuts, car washes and concierge/travel services.
- L. Gore & Associates
At WL Gore, Millennials may be drawn to dedicated fun committees, and the chance to fundraise for the firm’s philanthropic fund. Flex work, onsite wellness, tuition reimbursement, PTO for volunteering and family-care benefits also appeal to WL Gore employees young and old.
- Nugget Market
Outings like snowmobiling, whitewater rafting and other celebrations are baked into Nugget’s culture. In addition to industry-leading wages and healthcare benefits available to employees who work as little as 22 hours a week, offering five weeks of paid vacation and the ability to roll over unused PTO appeals to the vacation-loving millennials.
- The Container Store
Higher-than-average wages, might get Millennials in the door, but they stay for the soap box derby and chili cook-offs typical of TCS’s fun-loving culture. Flex work options, like telecommuting and compressed work weeks, are available depending on positions. TCS offers paid sabbaticals, maternity, paternity and pregnancy disability leave to appeal to Millennials starting families. Also discounted merch, because every closet is better with elfa.
- Ultimate Software
Out-of-this-world 401k matches and100 percent employer-paid health premiums for employees and dependents are the tip of the iceberg in terms of benefits at Ultimate Software. Flex work options like telecommuting and compressed work weeks, tuition reimbursement, PTO for volunteering, paid maternity, paternity and adoption leave, and ulti-layered bonus and rewards programs round out the offerings that appeal to Millennials (and everyone else!).
- Burns & McDonnell
The employee-owned engineering design firm shares the wealth with company-made annual contributions to everyone’s accounts. Other benefits that appeal to Millennials include family-care benefits, like on-site child care, as well as on-site fitness, discounted gym memberships and tuition reimbursement.
- David Weekley Homes
This custom homebuilder is renowned for its “zany” culture. After just a year of service, employees become eligible for 10 percent off the price of new homes up to $40,000, which should certainly appeal to Millennials who often delay home ownership. Flex work options, fully paid sabbaticals, tuition reimbursement and PTO for volunteering are among the other perks at David Weekley Homes.
- CHG Healthcare Services
The mantra of this medical staffing firm is “Putting People First,” which is exemplified by the peer-nominated award for living the corporate philosophy. In 2016, the four winners and guests got an all-expense-paid trip to Kenya for a safari and service project. Flex work options, onsite wellness amenities, volunteering opportunities and tuition reimbursement are other perks that appeal to young prefessionals at CHG.
- NuStar Energy
Oil pipeline and terminal operator NuStar provides 100 percent healthcare coverage, generous 401k, 60 hours of PTO to volunteer and a no-layoff policy. Other perks include flex work, discounted gym memberships and tuition reimbursement.
- Kimpton Hotels & Restaurants
Six weeks of parental leave, backup child care, pet insurance and PTO to grieve when a pet dies are the start of Kimpton’s benefits appealing to family-focused Millennials. The company also provides benefits for same-sex couples, transgender employees and women’s preventative health, as well as paid sabbaticals.