Employee benefits are very important to millennial and Gen Z workers. Research by Well, over half of Gen-Z and Millennial respondents would be more committed to staying with their employer for a longer period of time if they offered financial wellness benefits. Millennials are worrying more about their financial health during the COVID-19 pandemic 45% versus 36% of Baby Boomers. According to LinkedIn’s Workplace Culture report, 44% of millennials would take strong benefits over perks to make them stay more than 5 years at a job.
