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How well do you know the millenial workforce?
Millennials are the largest demographic group in the nation’s workforce. A deeper understanding of their behaviors and attitudes can provide opportunities to better engage them. Take this quiz and see just how well you know Generation Y.

Question 1

What keeps millenials up at night most?

Millennials are perceived as living in the moment, but actually they’re thinking ahead. 77% of older Millennials (25-34) and 67% of younger Millennials (21-24) are already concerned about paying for college for their kids—which is even more surprising when you factor in that only 28% of older Millennials and 12% of younger even have kids. And, with 73% of older Millennials worried about outliving their retirement savings, it’s clear that providing benefit plans that help ensure a financially secure future are a major plus for this generation.

Question 2

What percentage of those 25-34 are living with a spouse or partner?

The perception that those 25-34 avoid serious relationships just isn’t true. In fact, 70% of Millennials between 25-34 — and nearly half of 21-24 year-olds — say they reside with a spouse or partner.

The difference between the two shows an attitudinal shift toward relationships as they age. So, when it comes to benefits, one size doesn’t fit all, making it important to understand Millennials’ individual needs rather than make assumptions based only on demographics.

Question 3

When it comes to guidance at work, Millennials prefer:

They’re the digitally savvy generation, yet connecting in person tops online tutorials when it comes to career and benefits guidance. 71% seek one-on-one consultation and 76% want group in-person meetings. 60% also ask friends and family for benefits advice prior to enrollment. More and more, employers are responding to their need for in-person assistance and providing opportunities to discuss options and provide solutions.

Question 4

How committed are they to their current job? 75% of older Millennials say they:

Millennials are pictured as career nomads, moving from job to job to job. The reality is they want to stick around. According to MetLife’s 14th Annual U.S. Employee Benefits Trend Study, 72% of those 25-34 feel committed to their organization’s goals, and 66% feel inspired to do the best work they can at their company. Additionally, these older Millennials are reviewing their retirement savings plans, re-balancing investment portfolios and paying more attention to their employers’ benefits offerings—all indications that they seek greater stability.
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Your result:

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As you can see, Millennial stereotypes are far from accurate. Getting a deeper understanding of the singular needs of this generation and how different Millennial segments think and act can help build stronger employee/employer relationships. And that can only lead to greater loyalty and better retention.

For more information on trends and employee insights, visit metlife.com/workforce.

It may come as a surprise that Millennials seek stability and financial security, and look to their employers to help them achieve those goals. Understanding their thinking and behaviors can help employers successfully engage and retain them. Needs-based segmentation can supply these insights better than demographic research alone.

For more information on trends and employee insights, visit metlife.com/workforce.

You recognize differences between the typical Millennial stereotype and the reality. Finding ways to increase loyalty and build greater engagement can be achieved by going deeper, and uncovering the varying attitudes of different segments within this generation.

Find more information on employees’ relationship to their work and their employers at metlife.com/workforce.

You have a good grounding in Millennial behaviors and attitudes. You can further enhance your knowledge to help craft programs and offerings that drive greater engagement. Discover more about the major percentage of workforce by tapping into segmentation research based on needs versus demographics.

For more information on trends and employee insights, visit metlife.com/workforce.

You’re well-versed in Millennial mindsets and know they don’t fit the stereotype of a generation who lives only in the now. You can gain an even deeper understanding of their needs and wants through attitudinal segmentation, and discover new opportunities to create a more loyal and engaged workforce.

To stay up-to-date on work trends and insights, visit metlife.com/workforce.

Source: https://benefittrends.metlife.com/us-perspectives/the-millennial-benefits-perspective/

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