The 21st century is an age of innovation. More employers are setting higher standards in an effort to increase employee retention. Traditional 9 to 5 jobs will no longer satisfy most employees.
Last year, a national Gallup poll discovered that only 31 percent Americans are engaged in their careers. With 51 percent of Americans not engaged at work, it is more important than ever for businesses to find new ways to attract and retain talent. The millennials are the least engaged, while they represent the majority of the U.S. workforce. Unfortunately, many of them are not getting the jobs that they intended with their college degree and are forced to settle for low-paying entry level jobs to avoid unemployment.
As a result, many millennials are not actively engaged in these positions and tend to quit within a few months to find more fulfilling jobs. If employers want to attract and retain talent, it is important that they conform to the needs of the millennial generation. As more employers set higher standards for employee satisfaction, employees will have higher expectations from companies.
The ten employers below have raised the bar with by playing the perk card right, providing company culture that will increase employee retention.
1. Twitter
Twitter is the third most popular social media channel, just behind YouTube and Facebook. With 2,000 employees and offices all around the world, the microblogging giant is one of the few companies who do not track their employees’ paid time off. The company trusts its employees to plan time off based on their mental and physical needs. In addition to the unlimited paid time off, employees are also offered ten paid holidays.
2. Sailthru
Sailthru is a data mining company focused on increasing customer engagement for their clients. They treat their clients and employees equally. They offer talent development stipends to help employees grow by learning about topics of interest related to their jobs. Sailthru also cares about the personal wellbeing of their employees. They offer unlimited vacation, a flexible work policy, regular company-sponsored lunches, happy hours, and chair massages.
3. PaperG
PaperG is an advertising technology company that has been praised by The New York Times. It was also named as one of Forbes’ 100 Most Promising Companies in the United States. This ad-tech company makes display advertising extremely affordable for businesses of all sizes by creating and distributing ads across multiple platforms and devices.
PaperG expresses their appreciation for their employees by giving them free meals, education credits, free access to conferences, and plenty of paid time off.
4. Prezi
Prezi is a small company with the mission to help people improve their communication skills with interactive and engaging presentations.
As a Prezi employee, you can choose to work at their San Francisco or Budapest office. In either location, you will work in an open office environment rather than having individual offices or cubicles. You will also enjoy a fun work environment (whether that is a ping-pong match, a yoga session, or a Scrabble game). They also offer unlimited time off, as well as opportunities to travel around the world with the company.
5. Chegg
Chegg is an educational company that is dedicated to providing college students with textbook rentals, eTextbooks, and scholarship tools. Besides helping students optimize their time and money, Chegg does not forget to recognize their employees. Last December, Chegg was awarded the Glassdoor Employees’ Choice Award.
All employees receive a gym membership, five days to volunteer for their own causes, and nine paid holidays off. In addition to that time off, the company is open to the number of days that an employee can take off for personal reasons.